TechFlow reports that on August 16, Bitdeer Technologies Group, a leading global digital asset mining service provider, announced plans to conduct an offering of $150 million in aggregate principal amount of convertible notes due 2029 with an annual interest rate of 8.5%. The proceeds will be used to expand data centers and develop ASIC-based mining equipment.
The notes will constitute senior unsecured obligations of the company, and holders may elect to convert the notes into cash or shares of the company's Class A ordinary shares prior to maturity. BTIG is serving as the book-running manager for the offering, and A.G.P./Alliance Global Partners is acting as the co-manager.
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