Bitdeer to raise $400 million through convertible senior notes offering
Nasdaq-listed Bitcoin mining company Bitdeer announced it will raise $400 million through the issuance of convertible preferred notes. The company also plans to grant the initial purchasers of the notes an option to purchase up to an additional $60 million of notes within 13 days from the initial issuance, which means the company's fundraising scale can reach up to $460 million. The new funds are intended for data center expansion, ASIC miner research and development, AI and HPC cloud business expansion, as well as general corporate purposes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Grayscale Lists Publicly, While DCG Maintains Authority Through Dual-Class Share Structure
- Grayscale files for IPO to list as "GRAY" on NYSE, signaling crypto sector's public market push amid regulatory clarity. - Dual-class structure grants DCG 10x voting power over public shares, maintaining control as a "controlled company." - Proceeds will acquire membership interests in Grayscale Operating LLC, not directly fund operations. - Projected $30-33B valuation faces scrutiny over DCG influence, despite post-government shutdown crypto market rebound. - Morgan Stanley-led underwriters highlight Wa
AB's Rocket Ship: Stablecoins, ETFs, and Optimism About the Fed Drive Ongoing Rally
- AB shares surged 30% driven by USD1 stablecoin integration and ETF expansion, boosting liquidity and user engagement. - Zero-fee USD1 transfers and cross-chain wallet upgrades enhanced AB's utility, linking ecosystem activity to token demand. - Fed rate-cut expectations and AB's 0.68 equity beta position it to benefit from dovish policy, despite Saba Capital's stake reduction. - AUM surpassed $869B in October 2025, with private markets targeting $90-100B by 2027, reinforcing growth potential amid digital
Zero-Knowledge Startup Secures $9M Funding, Introduces Gamified Verification to Bridge Privacy and Compliance
- Zero-knowledge identity protocol Self raised $9M in seed funding led by Greenfield Capital and SoftBank's fund, alongside angel investors like Casey Neistat and Polygon's Sandeep Nailwal. - The startup launched a points program incentivizing on-chain identity verification using ZKPs and verifiable credentials, partnering with Google , Aave , and Velodrome to bridge privacy-compliance gaps. - By enabling biometric passport verification and Aadhaar integration without exposing sensitive data, Self aims to
Gavin Wood Supports Acurast’s Decentralized Computing Revolution Driven by Smartphones
- Acurast, a smartphone-based decentralized computing project, secured $11M in funding led by Ethereum co-founder Gavin Wood and others. - The platform launched its mainnet on November 17, aiming to transform 150,000 smartphones into secure compute nodes for confidential tasks. - By leveraging hardware-backed security and eliminating intermediaries, Acurast challenges traditional data centers while addressing privacy and environmental concerns. - Despite scalability challenges, the project's 494 million pr
Trending news
MoreCrypto prices
More
