BitDeer to issue $150 million convertible bonds

Bitdeer Technologies Group plans to publicly issue $150 million convertible notes with a maturity date of August 15, 2029, to expand its data centers and develop ASIC-based mining equipment. It is reported that the annual interest rate of these notes will be 8.5%. Bitdeer stated that these notes will be the company's priority unsecured debt, unless they are converted, redeemed or repurchased in advance.