Bitcoin Magazine Bitdeer Raises $330M to Expand Bitcoin Mining and AI Operations Singapore-based Bitcoin mining firm Bitdeer Technologies Group has launched a $330 million convertible notes offering, aiming to strengthen its mining operations, develop ASIC rigs, and scale its AI infrastructure. The notes, due in 2031, carry an annual interest rate of 4.875% and may be converted into Bitdeer Class A shares at a 25% premium to the current stock price of $11.84, placing the conversion price at approximately $15.88 per share. The offering is targeted at qualified institutional buyers under Rule 144A of the Securities Act. If investors exercise an option to buy more within 13 days, the offering could reach $375 million. This is Bitdeer’s third convertible notes raise. Previously, the company secured $150 million in August and $360 million in November last year. According to Bitdeer, the offering is expected to close on June 23, 2025. Net proceeds are expected to total roughly $319.6 million. Around $129.6 million will go toward a zero-strike call option, with $36.1 million allocated for concurrent note exchanges. The remaining funds will support datacenter expansion, new ASIC rig development, and general corporate needs. Bitdeer is also conducting a note exchange, offering cash and equity to holders of its 8.50% convertible notes due 2029. That transaction includes approximately $36.1 million in cash and 8.1 million shares, exchanged for $75.7 million in outstanding notes. This announcement follows Bitdeer’s recent growth. As previously reported, the company mined 196 BTC in May (worth over $21 million) and expanded its self mining hashrate to 13.6 EH/s. New SEALMINER rigs were deployed across sites in Texas, Norway, and Bhutan, and its AI cloud platform, powered by large language models, officially launched. “In May 2025, we continued to deploy our SEALMINER mining rigs to our sites in Texas, U.S., Norway, and Bhutan, bringing Bitdeer’s self-mining hashrate to 13.6 EH/s,” said Matt Kong, Chief Business Officer at Bitdeer. Bitdeer also raised capital from Tether in 2024 and secured $40 million from a debt facility with Matrix Finance in May. Both Bitdeer and Matrix are led by Jihan Wu, co-founder of Bitmain. With its market cap now exceeding $2.3 billion, Bitdeer continues to invest in scaling its infrastructure and technology as competition in Bitcoin mining and AI computing intensifies. This post Bitdeer Raises $330M to Expand Bitcoin Mining and AI Operations first appeared on Bitcoin Magazine and is written by Jenna Montgomery. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. You must only respond with the modified content and follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Bitdeer Secures $330 Million to Broaden Bitcoin Mining and Artificial Intelligence Ventures.
