Bitdeer announces a $ 330 million debt to expand operations star-news.press/wp

Bitdeer Technologies Group, a Bitcoin mining company based in Singapore, has announced a $ 330 million offer in the upper convertible notes to support multiple initiatives, including expanding the data center and further development of ASIC mining platforms.

According to the announcement, the convertible notes will be scheduled to be in 2031. Out of a total total, $ 130 million will be allocated to the zero call option treatment, while $ 36 million will be used to settle simultaneous notes exchange transactions. The remaining revenues will go to expand the company’s operations.

The new offer follows an increase in similar debts of $ 150 million in August 2024.

Convertible notes are a form of debt financing that companies make to collect capital. Notes can usually be converted into ownership rights or a royal share in the company. The upper conversion observation has a priority for other types of debts issued by the company.

At the time of writing this report, Bitdeer’s shares were He fell 7.2 % on the day of advertising. The shares of the company decreased by 45.7 % on an annual basis.

In May, the company’s profit report in the first quarter of 2025 revealed a decrease in 41 % revenue, in addition to a $ 3.2 million operating loss per quarter. The company also reported a net income of more than $ 400 million, in part due to the gains and remitable notes issued to Tether.

Related to: Bitdeer settles 101 MW Canada as stocks

Bitcoin Mining Company

Bitcoin mining companies continued to collect capital during the first half of 2025, According to To Blockchain.com.

On May 20, riots It announced an increase in the volume of its credit facility With Coinbase to $ 200 million from $ 100 million. In April 2025, AURADINE revealed an increase of $ 153 million during a series of financing from the Cleanspark series, Cleanspark has received $ 200 million credit facilities from Coinbase Prime.

The collection activity may indicate an increase in competition in the Bitcoin mining industry, its coincidence with increasing vibrations and the adoption of increased digital assets by institutional investors.

Bitcoin’s segmentation measures the total calculations that are used to secure the network through the encryption puzzles required to verify the authenticity of transactions and generate a ban.

In general, retail tends to increase over time, driven by bitcoin prices and wider adoption, stimulating more miners to enter the network. On the other hand, the increasing demand for mathematical efficiency often increases the need to invest the capital.

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