ChainCatcher news, according to GlobeNewswire, Bitcoin mining company Bitdeer announced the issuance of $360 million in convertible preferred notes to qualified institutional buyers through a private placement, maturing in 2029.The company also granted the initial purchasers of the notes the option to purchase up to an additional $40 million in principal notes within 13 days from the date of the initial issuance. The sale of the notes is expected to be completed by November 26, 2024, subject to customary closing conditions, with the related funds intended for the expansion of data centers, the development and manufacturing of ASIC-based mining equipment, as well as working capital and other general corporate purposes.

According to a research report released by investment bank Benchmark on Monday, the increasing interest from artificial intelligence (AI) and high-performance computing (HPC) companies in the energy assets of cryptocurrency miners in recent months has boosted the value of Bitdeer.As a result, Benchmark raised the target price for Bitdeer from $13 to $16 and reiterated a buy rating on the stock. In pre-market trading, the stock was priced at $11.10.

ChainCatcher news, according to Bloomberg citing informed sources, blockchain and high-performance computing technology company Bitdeer Technologies Group (NASDAQ: BTDR) is in talks for approximately $100 million in financing with a private credit firm.Informed sources stated that the company is working with financial advisors to raise funds for projects such as expanding its Bitcoin mining capacity. These individuals requested anonymity due to the private nature of the matter.It is reported that negotiations are ongoing, and the details of the financing may change. A spokesperson for Bitdeer declined to comment.

ChainCatcher news, Bitdeer announced its unaudited mining and operational update for November 2023, producing 403 BTC, an increase of 81.5% year-on-year, with the Gedu data center contributing 209 BTC.In addition, Bitdeer CEO Linghui Kong stated that Bitdeer has become the preferred cloud service provider in the NVIDIA Partner Network and plans to launch the Bitdeer AI Cloud, powered by NVIDIA DGX SuperPOD systems, in the first quarter of 2024.

ChainCatcher news, according to the latest equity disclosure from Nasdaq, as of June 30, 2023, IDG Capital increased its holdings in the cryptocurrency mining company Bitdeer (Nasdaq:BTDR) by 91,308 shares, involving approximately $931,000.

ChainCatcher news, Bitdeer, a mining company under Wu Jihan, announced that their previously announced business merger was approved at the Blue Safari special shareholders meeting on April 11. The business merger is expected to be completed on April 13, 2023. Upon completion, Bitdeer Technologies Group will continue as the merged company, and its stock is expected to begin trading on NASDAQ on April 14, 2023, with the ticker symbol "BTDR". (source link)