Bitdeer raises $ 330m Via Convertible Note Sale

Bitdeer raises $ 330m Via Convertible Note SaleThe Deal Secures 4.875% in Five-Year Debt with A 44% Conversion Premium. Jun 25, 2025, 5:56 pm

Bitcoin Miner and Asic Manufacter Bitdeer Technologies (BTDR) Has Completed A $ 330 Million Private Placement of Convertible Senior Notes Maturing July 1, 2031. Conversion Price of $ 15.87 Per Share – About 44% Above Btdr’s Current $ 11 TRADING PRICE.

The Bond’s Conversion Rate of 62.9921 Class A Shares per $ 1,000 Principal Means Full Conversion Could Yield Roughly 20.8 Million New Shares. To Cover This, Bitdeer Prepaid Barclays $ 129.6 Million for A Call Option with a Zero Strike Price On Over 10.2 Million Shares, or 49% of the Conversion Total. The option Allows Bitdeer to Settle Conversions Using Shares from Barclays’ Inventory Racher than Tying up to it Own Stock.

Bitdeer, is using Rougely $ 129.6 Million of the Proceeds to Fund The Zero-Strike Call Option, $ 36.1 Million to Pay The Cash Consideration for Iting Note. Expansion, The Development of It asic Manualning and Working Capital.

The Company is Currently Working on New Asic Chip Designs that Could Could Potentilly Make It Mining Rigs Substantilly More Efficient Than Current Models.

Shares Are Marginally Lower in Wednesday Trade.

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