CoinVoice has learned that, according to Globenewswire, Bitcoin mining company Bitdeer announced the issuance of $300 million principal convertible senior notes maturing in 2031 through a private placement to qualified institutional buyers.

The company also plans to grant the initial purchasers of the notes an option to purchase additional notes with a principal amount of up to $45 million within 13 days from the date of the initial issuance of the notes. The company plans to use part of the net proceeds from this issuance to pay for the costs of zero-exercise-price call option trades, as well as the cash consideration for concurrent note exchange transactions, and to use the remaining net proceeds from this issuance for data center expansion, development and manufacturing of ASIC miners, as well as working capital and other general corporate purposes.[Original link]