Bitdeer is planning to raise $400 million through a convertible promissory note issuance.

BlockBeats News, November 13, Nasdaq-listed Bitcoin mining company Bitdeer announced that it will raise $400 million through a convertible senior note offering. The company also plans to grant the initial purchasers of the notes an option to purchase additional notes of up to $60 million within 13 days from the initial issuance date. This means that the company's fundraising size could reach up to $460 million. The new funds are intended for data center expansion, ASIC miner development, AI and HPC cloud business expansion, and general corporate purposes.