Bitdeer will raise $400 million through the issuance of convertible preferred notes

Nasdaq-listed Bitcoin mining company Bitdeer announced that it will raise $400 million through the issuance of convertible preferred notes. The company also plans to grant the initial purchasers of the notes an option to purchase up to an additional $60 million of the notes from the date of the initial issuance, which means the company's fundraising could reach up to $460 million. The new funds are intended for the expansion of data centers, R&D of ASIC miners, expansion of AI and HPC cloud services, as well as general corporate purposes.