Bitdeer slides after unveiling $300 mln convertible bond offering
Shares of bitcoin miner Bitdeer Technologies BTDR.O down 8.5% post-market at $11.62 as it looks to raise capital
Singapore-based firm offering privately $300 mln convertible bonds (CBs) due 2031
It plans to use portion of net proceeds to pay cost of zero-strike calls, remainder for datacenter expansion, ASIC based mining rig development and manufacture, and for other purposes
Concurrent with pricing, co says expects to enter into privately negotiated exchange transactions with one or more holders of its existing 8.50% CBs due 2029 for cash and Class A ordinary shares
Barclays, BTIG and Cantor are active bookrunners for the proposed offering
New CBs being marketed with 4.375%-4.875% coupon, and 25%-30% conversion premium, according to deal terms sheet viewed by Reuters
BTDR shares on Tues ended down 6.3% at $12.70, giving co ~$2.5 bln market cap, per LSEG data
Stock has gained ~44% QTD, but is still off 41% in 2025
((lance.tupper.thomsonreuters.com@reuters.net lance.tupper@tr.com 1-646-279-6380))
Related Articles
Best AI Tools for Stock Analysis in 2026 to Boost Your Investment Portfolio
As Artificial Intelligence (AI) continues to enhance everyday decision-making, these tools will allow us to leverage artificial intelligence to analyse stocks and optimise our investment portfolio.
Silver Faces Sixth Consecutive Year of Supply Deficit, How Much Upside Is Left in 2026?
TradingKey - According to the 2026 Silver Market Outlook recently released by the Silver Institute, the current robust performance of the silver market remains supported by solid fundamentals. The report indicates that the global silver market is expected to face a structural supply-demand imbalance
Retail Trading Hub Robinhood Sinks Again, Slumping Over 7% After Hours, Signaling Lack of Interest in Crypto?
TradingKey - Robinhood (HOOD) reported a 34% decline in fourth-quarter net profit to $605 million, with total revenue of $1.28 billion missing Wall Street expectations.
After $20B Debt Sale, Google’s Rare 100-Year Bond Sparks Scrutiny: Has AI Drained the Tech Giant’s Coffers?
TradingKey - According to a Financial Times report, Google parent Alphabet (GOOG)(GOOGL) is planning to issue bonds denominated in British pounds and Swiss francs, which may include the first 100-year GBP bond of this century.
U.S. January Nonfarm Payrolls Preview: Likely to Beat Expectations, but with Limited Impact on US Stocks
TradingKey - Against the backdrop of the U.S. economy demonstrating robust resilience and the coordinated easing of monetary and fiscal policies, the nonfarm payrolls data are likely to beat the market consensus expectations.
