04:25 PM EDT, 06/17/2025 (MT Newswires) -- Bitdeer Technologies ( BTDR ) said late Tuesday it plans to offer $300 million of convertible senior notes due 2031 in a private placement.

The company also plans to grant initial buyers a 13-day option to buy up to an additional $45 million principal amount of notes.

The company said it plans to use part of the proceeds to fund the zero-strike call option and note exchange transactions, with the rest going toward data center expansion, ASIC rig development, working capital, and general corporate purposes.

Shares of Bitdeer ( BTDR ) were down about 7% in after-hours activity.

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