Bitdeer plans to issue $150 million in convertible bonds to expand its data center

ChainCatcher news, Bitdeer Technologies Group announced its plan to publicly issue $150 million in convertible notes, maturing on August 15, 2029, to expand its data centers and develop ASIC-based mining equipment.

It is reported that these notes are the company's senior unsecured debt, with an annual interest rate of 8.5%, unless converted, redeemed, or repurchased early.