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Bitdeer plans to raise $400 million through the issuance of convertible preferred notes.

On November 13, Nasdaq-listed Bitcoin mining company Bitdeer announced plans to raise $400 million through a convertible preferred note issuance. The company also plans to grant initial purchasers of the notes an option to purchase up to an additional $60 million of notes within 13 days from the initial issuance date, which means the company's fundraising scale could reach a maximum of $460 million. The new funds are intended for data center expansion, ASIC Mining Rig research and development, AI and HPC cloud business expansion, as well as general corporate purposes.

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