{"id":135714,"date":"2024-08-17T10:30:26","date_gmt":"2024-08-17T07:30:26","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135714"},"modified":"2024-08-17T08:19:34","modified_gmt":"2024-08-17T05:19:34","slug":"bitdeer-announces-150-million-convertible-notes-offering","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitdeer-announces-150-million-convertible-notes-offering\/","title":{"rendered":"Bitdeer Announces $150 Million Convertible Notes Offering"},"content":{"rendered":"

The company aims<\/a><\/strong> to use the funds to expand its data centers and develop new ASIC mining rigs.<\/p>\n

The notes, which are senior and unsecured, will mature<\/a> <\/strong>on August 15, 2029, unless they are converted, redeemed, or repurchased earlier. These convertible notes can be transformed into equity and will offer holders an 8.5% annual interest rate.<\/p>\n

Upon conversion, Bitdeer will provide holders with Class A ordinary shares or a mix of cash and Class A shares. The funds from this offering will be allocated towards expanding data centers, advancing ASIC-based mining technology, and covering other corporate needs.<\/p>\n