Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Bitcoin Miner and ASIC manufacturer Bitdeer Technologies (BTDR) is completed Private placement of convertible seniors of $ 330 million matures 1 July 2031. Notes carry interest at 4.875% and have a conversion price of $ 15.87 per share – about 44% over the current BTDr.
Bond conversion rate 62,9921 Class shares and 1,000 USD, the main conversion, means that a complete conversion could bring about 20.8 million new shares. To cover this, a bitdeer prepaid Barclays $ 129.6 million for calling for a zero strike for more than 10.2 million shares, or 49% of the total conversion. This option allows BITDEER to settle conversions using Barclays inventory, rather than tying your own shares.
Bitdeer, is Use About $ 129.6 million from the proceeds to finance the option for zero, $ 36.1 million to pay the cash consideration for its parallel transactions for the notes and the remaining funds for expansion of data centers, the development of its production ASIC and working capital.
The company is currently Work on new ASIC chip designs This could potentially increase its mining sets more efficient than current models.
The shares are slightly lower on the center of the store.
