Growth plan for Bitdeer's convertible bond issuance
Introduction to the convertible bond issuance
On June 18, according to sources from Globenewswire, cryptocurrency mining company Bitdeer expanded the scale of its preferred credit convertible bond issuance. Initially, the expected amount of bonds to be raised was 300 million USD. However, after negotiations, the company raised the limit to 330 million USD. This move reflects market optimism towards cryptocurrency mining activities and the capital-raising capabilities of companies in this sector.
Scale and fundraising objectives
The expansion of the convertible bond issuance scale helps Bitdeer increase its capital to expand mining operations and invest in advanced blockchain technology. These bonds can be converted into equity, providing dual benefits for investors and the company. The financial market predicts that this capital increase will contribute to strengthening Bitdeer's competitive position in the global cryptocurrency market.
Impact on the cryptocurrency market
The increase in the convertible bond limit demonstrates strong market confidence in the prospects of the Bitcoin mining industry. This is also a positive signal for the flow of investment capital into companies that possess advanced technology and blockchain mining infrastructure. Investors are expected to closely monitor partner issuances and market development trends in the near future.
Source: https://tintucbitcoin.com/bitdeer-tang-han-muc-phat-hanh-trai-phieu-chuyen-doi/
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