Bitdeer Secures $400 Million in Funding Through Convertible Notes

Bitcoin mining company Bitdeer has secured a significant funding round of $400 million through the issuance of convertible senior notes. The company is offering an additional option for initial purchasers, granting them the chance to acquire up to $60 million more within 13 days of the initial issue. This potential expansion brings the total fundraising amount to $460 million. The funds will be used to expand data centers, develop cutting-edge ASIC mining machines, enhance AI and HPC cloud services, and for general corporate purposes.