Bitdeer Technologies Raises $150M Via Convertible Notes Offering For Datacenter Expansion, ASIC Based Mining Rig Development
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies Group (NASDAQ:BTDR) announced a $150 million convertible notes offering to fund datacenter expansion and ASIC-based mining rig development. The offering is expected to close on August 20, 2024, with net proceeds estimated at $144.5 million.
August 16, 2024 | 6:52 am
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Bitdeer Technologies Group (NASDAQ:BTDR) has announced a $150 million convertible notes offering to fund datacenter expansion and ASIC-based mining rig development. The offering is expected to close on August 20, 2024, with net proceeds estimated at $144.5 million.
The $150 million convertible notes offering will provide Bitdeer with significant capital for datacenter expansion and ASIC-based mining rig development. This is likely to be viewed positively by investors as it indicates growth and expansion plans, potentially driving the stock price up in the short term.
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