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Cointelegraph by Martin Young

Bitdeer shares drop 17% as it announces $300M convertible senior notes due 2032

On Thursday, Bitdeer Technologies Group's stock fell 17.38% to $7.94 after the Bitcoin mining and AI infrastructure firm unveiled a $300 million convertible senior note offering with an additional $45 million purchase option. This is Bitdeer's second such issuance after a $150 million offering in April 2024, and its shares are now down 29% year-to-date and nearly 70% below the January 2025 all-time high of about $26.
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