Bitdeer Announces Proposed Registered Direct Offering of Class A Ordinary Shares

Core Viewpoint - Bitdeer Technologies Group plans to offer Class A ordinary shares to holders of its 5.25% convertible senior notes due 2029 in a registered direct offering, subject to market conditions [1][2]. Group 1: Offering Details - The number of Class A ordinary shares and their price will be determined at the pricing of the registered direct offering [1]. - The registered direct offering is contingent on the completion of a separate notes offering and note repurchase transactions [2]. - Barclays Capital Inc. is acting as the placement agent, while ICR Capital LLC serves as the financial advisor for the offering [4]. Group 2: Use of Proceeds - Net proceeds from the registered direct offering will be used, along with proceeds from a separate notes offering, to repurchase a portion of the November 2029 notes [2]. Group 3: Company Overview - Bitdeer is a leading technology company specializing in Bitcoin mining and AI cloud solutions, providing comprehensive services including equipment procurement, logistics, datacenter design, and operations [5]. - The company is headquartered in Singapore and has datacenters in the United States, Norway, and Bhutan [5].