TechFlow news, November 13 — Bitdeer, a Nasdaq-listed Bitcoin mining company, announced 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 in notes within 13 days of the initial issuance, meaning the total fundraising could reach as high as $460 million. The new funds are intended for data center expansion, ASIC miner development, AI and HPC cloud business growth, and general corporate purposes.
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