04:18 AM EDT, 08/16/2024 (MT Newswires) -- Bitdeer Technologies Group ( BTDR ) said Friday it priced a public offering of $150 million of 8.50% convertible senior notes due 2029.

The company granted underwriters a 30-day option to purchase up to an additional $22.5 million in notes to cover over-allotments.

The offering, expected to close on Aug. 20, will raise funds for data center expansion, mining rig development and general corporate purposes.