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BitDeer to Issue $150 million Convertible Bond

Bitdeer Technologies Group has announced plans to publicly issue $150 million convertible notes with a maturity date of August 15, 2029, to expand its data center and develop ASIC-based mining rigs. The notes will have an annual interest rate of 8.5%. Bitdeer said the notes will be senior unsecured debt to the company unless converted, redeemed or repurchased early.