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Bitdeer Technologies (BTDR) Jumps 30.77% as Bitcoin Mining Improves in Aug
Yahoo Financeยท 2025-09-15 13:47
Group 1 - Bitdeer Technologies Group (NASDAQ:BTDR) experienced a significant increase of 30.77% week-on-week due to improved Bitcoin mining operations, with the company mining 375 new Bitcoins in August, a 33% increase from 282 in July [1][2] - The company's self-mining hash rate improved to 30 EH/s in August, up from 22 EH/s in July [2] - For October, Bitdeer is targeting a self-mining hash rate of 40 EH/s, indicating plans for expansion and positioning to become one of the largest vertically integrated miners globally [3] Group 2 - Bitdeer Technologies is set to pay off $7.7 million of outstanding debt through the early redemption of its 8.5% convertible senior notes due in 2029 [4] - Noteholders have the option to convert the notes into shares, with a conversion rate of 127.9743 Class A shares for every $1,000 note [5] - The conversion includes an additional upside of 10.9536 shares for every $1,000 principal amount due to the cleanup redemption [6]