Bitdeer Technologies Group, a Bitcoin Mines Company based in Singapore, announced the offer of $ 330 million in senior convertible tickets to support several initiatives, including the expansion of the data center and the subsequent development of mining platforms based on ASIC.
According to the advertisement, the convertible tickets will be due in 2031. Of the total, $ 130 million will be allocated to a zero -free calling option transaction, while $ 36 million will be used to set up simultaneous ticket exchange transactions. The remaining product will go to extend the operations of the company.
The new offer follows an increase in similar debt of $ 150 million in August 2024.
Convertible tickets are a form of loan financing that companies emit to increase capital. Notes can generally be converted later into equity or participation in the company. A senior convertible note has priority on other types of debts issued by the company.
When writing these lines, Bitdeer’s actions fell 7.2% on the day of the ad. The company’s shares are down 45.7% of the year.
In May, the report on the first quarter of the company 2025 revealed a drop from year to 41%, in addition to an operating loss of $ 3.2 million for the quarter. The company also declared net income of more than $ 400 million, in part due to the gains on mandates and convertible tickets issued to Tether.
In relation: Bitdeer accuses the 101 megawatts site in Canada as an original tanks
Bitcoin Mining Company Bitcoin Funds continues
Bitcoin mining companies continued to raise capital in the first half of 2025, according to Blockchain.com.
On May 20, Riot Platform announced an increase in its credit ease from Coinbase at $ 200 million, compared to $ 100 million. In April 2025, Auradine revealed an increase of $ 153 million during a financing cycle of the C series. Cleanspark obtained a credit facility of $ 200 million in Coinbase Prime.
The fundraising activity can report increased competition in the Bitcoin mining industry, coinciding with a chopping increase and an increasing adoption of digital assets by institutional investors.
The Hashrate Bitcoin measures the total computing power used to secure the network through cryptographic puzzles necessary to validate the transactions and the generation of blocks.
Generally, the hashrate tends to increase over time, driven by the rise in bitcoin prices and wider adoption, encouraging more minors to enter the network. In turn, the growing demand for computer efficiency often increases the need for capital investment.
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