Bitdeer Technologies (BTDR) falls 7% after announcing plan to raise $330 million through debt

From Yahoo Finance: 2025-06-19 14:03:00

Bitdeer Technologies Group (NASDAQ:BTDR) experienced a 7.13% decrease in stock value on Wednesday, closing at $11.8 per share due to plans to raise $330 million through a debt offering. The company intends to issue convertible senior notes to investors, with a yield rate of 4.875% paid semiannually until 2031.

Of the funds raised, $129.6 million will cover the cost of a zero-strike call option transaction, $36.1 million for note exchange transactions, and the rest for data center expansion, mining rig development, and general corporate purposes. Despite potential as an investment, other AI stocks may offer higher returns.

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Read more: Bitdeer Technologies (BTDR) Falls 7% After $330-Million Debt Offer