Summary
- Bitdeer announced plans to issue convertible bonds worth approximately $330 million.
- The convertible bonds will mature in 2031 and feature an annual interest rate of 4.875%.
- The raised funds are planned to be used for repaying existing debt, expanding mining equipment infrastructure, and operating capital.
According to crypto-specialized media outlet The Block on the 18th (local time), Bitdeer, a Bitcoin (BTC) cloud mining company, announced plans to issue its third convertible bond (CB) to raise approximately $330 million.
The convertible bonds will mature in 2031 and carry an annual interest rate of 4.875%. Bitdeer intends to use the proceeds for purposes such as repaying existing debt, expanding mining equipment infrastructure, and operating funds.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
