Bitdeer Announces Cleanup Redemption of All of its Outstanding Convertible Senior Note due 2029

Group 1 - Bitdeer Technologies Group announced a cleanup redemption for all outstanding $7,700,000 principal amount of its 8.50% convertible senior notes due 2029, with a redemption date set for September 23, 2025 [1] - The redemption price will be 100% of the principal amount plus accrued and unpaid interest from August 15, 2025, until the redemption date [1] - Holders of the notes can convert them into Class A ordinary shares at a conversion rate of 127.9743 shares per $1,000 principal amount, which includes an increase due to the cleanup redemption [2] Group 2 - Bitdeer is a leading technology company in Bitcoin mining, providing comprehensive solutions including equipment procurement, logistics, datacenter design, and daily operations [3] - The company has deployed datacenters in the United States, Norway, and Bhutan, and offers advanced cloud capabilities for high-demand artificial intelligence applications [3]