August 16, 2024
Bitdeer Technologies, a crypto mining company, aims to raise $150 million through a public offering of convertible senior notes to fund its data center expansion. They also offer underwriters an option to purchase an additional $22.5 million in notes if needed.
Project | Latest Raise | Latest Raise Date | Category |
|---|---|---|---|
Bitdeer | $150M | August 16, 2024 | Mining |
These senior, unsecured convertible notes allow investors to convert them into cash, Bitdeer’s Class A ordinary shares, or a combination of both before maturity. This flexible setup provides investors with options based on market conditions over the next few years.
The interest rate, initial conversion rate, and other details will be determined when the notes are priced, giving investors a clearer understanding of their investment. Most of the funds will be used for data center expansion, with a portion allocated to developing ASIC-based mining rigs.
About Bitdeer
Bitdeer is a leading provider of high-performance computing and cloud mining services. The platform allows users to manage their computing power and infrastructure efficiently, offering solutions for both ASIC and GPU miners. Bitdeer operates multiple data centers globally, including one of the largest in North America, ensuring robust and reliable operations. Their comprehensive miner management system, Minerplus, streamlines tasks within mining farms, maintaining an impressive average miner uptime of over 98%. Bitdeer is dedicated to advancing the digital mining industry with innovative technology and strong infrastructure support.
Website: https://www.bitdeer.com/
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