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Bitdeer Technologies Group (Nasdaq: BTDR) ("Bitdeer"), a world-leading technology company for Bitcoin mining and AI cloud, today announced the pricing of its registered direct offering of 10,661,140 of its Class A ordinary shares, par value US$0.0000001 per share (the "Class A ordinary shares"), to certain holders of its 5.25% convertible senior notes due 2029 (the "November 2029 notes") at a price of US$13.94 per Class A ordinary share in a direct placement registered under the Securities Act of 1933, as amended (the "Securities Act") (such placement, the "registered direct offering"). The registered direct offering is expected to close on November 19, 2025, subject to customary closing conditions.
Bitdeer estimates that the net proceeds from the registered direct offering will be approximately US$148.4 million, after deducting the estimated offering expenses payable by Bitdeer. Bitdeer estimates that the net proceeds from Bitdeer's separately announced private offering (the "notes offering") of 4.00% Convertible Senior Notes due 2031 (the "notes") will be approximately US$388.0 million (or approximately US$446.4 million if the initial purchasers in the notes offering fully exercise their option to purchase additional notes), after deducting the initial purchasers' discounts and estimated offering expenses payable by Bitdeer.
Posted In: BTDR
