BitDeer will issue $150 million in convertible bonds to expand its data center and develop ASIC-based mining equipment

BlockBeats reported that on August 16, Bitdeer Technologies Group announced that it plans to publicly issue $150 million in convertible notes, due on August 15, 2029, to expand its data center and develop ASIC-based mining equipment. It is reported that the annual interest rate of these notes will be 8.5%.

Bitdeer said that these notes will be the company's priority unsecured debt unless converted, redeemed or repurchased in advance.