ChainCatcher news, Bitcoin mining hosting and cloud service company Applied Digital plans to raise $375 million through a private placement of convertible notes. The notes have an annual interest rate of 2.75% and will mature in 2030, with initial purchasers also able to buy an additional $75 million. The company plans to use part of the funds for capped options trading to hedge against shareholder dilution risk and to invest approximately $84 million in stock buybacks.Applied Digital does not directly participate in Bitcoin mining but provides data center hosting services for other companies. Its latest quarterly report shows that out of $60.7 million in revenue, $34.8 million came from Bitcoin mining hosting services, while the remaining 43% came from cloud services.

ChainCatcher news, according to TheMinerMag, Bitcoin mining company Terawulf has proposed to raise $350 million through a private issuance of convertible notes, and will grant the initial purchasers of the notes an option to add $75 million within 13 days after their issuance. The company has not finalized the pricing and interest rate of the issuance, but stated that these notes will mature in 2030.Terawulf intends to use the proceeds from this issuance for general corporate purposes and to repurchase its outstanding common stock, with a maximum amount of up to $200 million, before December 2025.Terawulf stated that after "strict capital expenditures aimed at supporting organic growth in HPC/AI, as well as evaluating potential strategic opportunities such as site acquisitions," the stock repurchase program will be prioritized.

ChainCatcher news, according to official sources, MicroStrategy has completed the issuance of $1.01 billion convertible notes with a 0.625% coupon rate and a 40% conversion premium.This includes $135 million of notes issued under a purchase option granted to initial purchasers according to the purchase agreement, which was granted to the initial purchasers within 13 days from the initial issuance of the notes, and the initial purchasers will fully exercise it on September 18, 2024, with additional purchases completed on September 19, 2024.

ChainCatcher news, crypto mining company Hut 8 announced a strategic investment of $150 million from Coatue, and the two parties will collaborate to build an artificial intelligence infrastructure platform.Coatue has agreed to invest $150 million in the company through convertible notes, with an annual interest rate of 8.00% (compounded quarterly). The initial term of the notes is five years, and the company has the option to extend it for up to three additional one-year terms. The issuance of the notes is expected to be completed on or before July 11, 2024.

ChainCatcher news, according to official sources, MicroStrategy completed an $800 million convertible note issuance with a 2.25% coupon rate and a 35% conversion premium, which includes $100 million of notes issued under a purchase option granted to initial purchasers according to the purchase agreement. The purchase option was granted to the initial purchasers within 13 days from the date of the initial issuance of the notes, and the initial purchasers will fully exercise it on June 17, 2024, with the additional purchase completed on June 18, 2024.

According to ChainCatcher news, in an official announcement, MicroStrategy today announced that it has sent a notice of full redemption to the trustee of its 0.750% convertible senior notes due 2025 (CUSIP Number: 594972 AC5).The total principal amount of the notes being redeemed is $650 million, which is equal to the total principal amount of the notes currently held by investors.The notice requests the redemption of all outstanding notes on July 15, 2024 (the redemption date), at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus any interest accrued but unpaid as of the redemption date (if any), unless converted earlier.

ChainCatcher news, Michael Saylor announced that MicroStrategy has completed the issuance of $603.75 million convertible notes, with a coupon rate of 0.875% and a conversion premium of 40%.

ChainCatcher News, American emerging bank Dave announced that it has reached an agreement with FTX Ventures Ltd to purchase its previously issued convertible note to FTX, originally amounting to $100 million, at a discounted price of $71 million.It is reported that FTX has filed a motion in its bankruptcy proceedings seeking approval for the agreement, with a hearing scheduled for January 25, 2024. The completion of the transaction also depends on whether the bankruptcy court approves the agreement.

ChainCatcher news, according to TechCrunch, stock and cryptocurrency trading API service company Alpaca has secured $15 million in funding from SBI Group in the form of convertible notes. Alpaca CEO Yoshi Yokokawa stated that this strategic investment brings the total funding for the Y Combinator-backed startup to $120 million since its establishment in 2015, which will accelerate Alpaca's expansion in Asia.It is reported that Alpaca launched its crypto API in October 2021, and its crypto business has not yet generated significant revenue. However, Yoshi Yokokawa mentioned that with the recovery of the crypto market, the company expects growth in its crypto API business. Alpaca's crypto API enables businesses and developers to trade cryptocurrencies and stocks, and build applications that provide cryptocurrency and stock investment services within a single API.

ChainCatcher news, driven by blockchain technology, digital fintech company Mercurity Fintech announced the completion of a $9 million financing through the issuance of unsecured convertible notes, with a non-U.S. investor participating in the purchase, but specific details have not been disclosed.Mercurity Fintech will use the funds to support the development of Web3 and blockchain infrastructure, expand its consulting services, and apply for a cryptocurrency license BitLicense from the New York State Department of Financial Services. (Globe Newswire)