Bitdeer Technologies Group stock plummeted after the company announced plans to issue $300 million in senior convertible bonds, along with an option to purchase an additional $45 million in a private placement. This is the second time Bitdeer has raised capital through this instrument, after a $150 million issuance in April 2024 that caused the stock to drop 18%.
The new bond tranche matures in 2032, is unsecured, pays interest semi-annually, and can be converted into cash, stock, or a combination of both. The company plans to use the funds to expand data centers, develop AI cloud services, and manufacture cryptocurrency mining equipment.
BTDR stock closed down 17.38% at $7.94 and has lost nearly 70% from its January 2025 peak, according to Google Finance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TradFi Rise Alert: MU (Micron) Rises Over 2%
Gate News: According to the latest Gate TradFi data, MU (Micron) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.
GateNews19m ago
Get paid $20,000 for every 1 mined unit! A wave of bitcoin miner runaways as “mining difficulty” drops 7.8%
The Bitcoin mining industry faces severe challenges: mining costs have surged to $88,000, while the Bitcoin price is about $68,000, leading to worsening losses for miners. As geopolitical risk and high oil prices continue to take their toll, hashrate keeps declining, and the resulting industry pressure has also triggered market instability. Many mining companies have begun transitioning to AI and high-performance computing to stay afloat.
区块客27m ago
TIA Token Unlock Sparks Sell-Off and Market Caution
TIA sees increased sell pressure following a token unlock and weakening market sentiment.
Spot and derivatives data show strong downside momentum and significant long liquidations.
Price broke key support at $0.2967, targeting potential decline toward $0.233.
Celestia — TIA, has
CryptoNewsLand37m ago
JST breaks through $0.061 within 24 hours, with a cumulative burn of over 1.085 billion tokens
Gate News update: On April 1, according to Coingecko data, the TRON ecosystem token JST saw its price break through the $0.061 threshold within 24 hours, reaching a high of $0.06341. Backed by JustLend DAO’s buyback-and-burn mechanism, JST has already cumulatively burned more than 1.085 billion tokens to date, accounting for 10.96% of the total supply.
GateNews1h ago
Bitcoin fell 23.8% in Q1 2026, marking the worst first-quarter performance since 2018
Bitcoin fell 23.8% in the first quarter of 2026, marking its worst performance since 2018. The decline was mainly driven by outflows from spot ETF fund flows and high inflation. Despite the near-term drop, analysts say long-term conviction in Bitcoin has not changed, and it’s important to watch shifts in the macro environment and incoming capital flows.
GateNews1h ago
