Techub News News, Bitcoin mining company Bitdeer announced plans to issue convertible senior notes with a total principal amount of $300 million, maturing in 2032, through a private placement. In addition, Bitdeer plans to grant initial purchasers of the notes an option to buy up to an additional $45 million in principal of notes within 13 days (including the day) from the initial issuance of the notes. A portion of the net proceeds from this offering will be used to pay for capped option trading costs and other expenses, with the remaining funds primarily allocated to data center expansion, high-performance computing (HPC) and AI cloud business expansion, ASIC miner research and development and manufacturing, as well as working capital and other general corporate purposes.