Core Viewpoint - Bitdeer Technologies Group has announced a registered direct offering of 10,661,140 Class A ordinary shares at a price of US$13.94 per share, aiming to raise approximately US$148.4 million in net proceeds, which will be used for various corporate purposes including debt repayment and business expansion [1][2][3]. Group 1: Offering Details - The registered direct offering is priced at US$13.94 per Class A ordinary share and is expected to close on November 19, 2025, subject to customary closing conditions [1]. - The net proceeds from the offering are estimated to be around US$148.4 million after deducting offering expenses [2]. - The offering is part of a broader strategy that includes a separate private offering of 4.00% Convertible Senior Notes due 2031, which is expected to generate approximately US$388.0 million in net proceeds [2]. Group 2: Use of Proceeds - Bitdeer plans to allocate approximately US$35.4 million of the proceeds to cover the costs of capped call transactions [3]. - An estimated US$267.9 million will be used to repurchase US$200.0 million of its 5.25% convertible senior notes due 2029 [3]. - Remaining proceeds will be directed towards datacenter expansion, ASIC-based mining rig development, and the growth of its HPC and AI cloud business, along with general corporate purposes [3]. Group 3: Transaction Contingencies - The completion of the registered direct offering is contingent upon the successful completion of the notes offering and the note repurchase transactions [4]. - The notes offering is not dependent on the completion of the registered direct offering or the note repurchase transactions [4]. Group 4: Company Overview - Bitdeer Technologies Group is a leading technology company specializing in Bitcoin mining and AI cloud solutions, providing comprehensive services including equipment procurement, datacenter design, and daily operations [7][8]. - The company is headquartered in Singapore and has established datacenters in the United States, Norway, and Bhutan [8].