According to GlobeNewswire, Bitcoin mining company Bitdeer announced the issuance of $360 million in convertible senior notes to qualified institutional buyers through private placement, with a maturity date of 2029. The company also grants the initial purchaser of the notes the option to purchase up to an additional $40 million in principal notes within 13 days from the date of initial issuance. The sale of the bills is expected to be completed on November 26, 2024, subject to customary closing conditions. The funds are intended for data center expansion, development and manufacturing of ASIC based mining equipment, as well as working capital and other general corporate purposes. @driveinsetting