05:58 AM EST, 11/13/2025 (MT Newswires) -- Bitdeer Technologies ( BTDR ) said late Wednesday it plans a $400 million private placement of convertible senior unsecured notes due 2031.

The company intends to provide a 13-day overallotment option to the initial purchasers to buy up to an additional $60 million of the notes.

Separately, Bitdeer ( BTDR ) said it plans to offer its class A ordinary shares to certain holders of its 5.25% convertible senior notes due 2029 in a direct placement.

The company intends to use the net proceeds from the transactions to fund certain capped call deals, among other things.

Bitdeer ( BTDR ) shares were down 15% in recent premarket activity Thursday.