General Bitdeer Technologies ASIC (BTDR) Complete Special mode of $ 330 million of convertible convertible notes on July 1, 2031. The notes bears interest of 4.875 % and features a transfer price of $ 15.87 per share – about 44 % higher than the current BTDR trading price.
The rate of conversion of the bonds of 62.9921 from the A.S. AD per 1000 dollar is the basic means that the full transfer can result in approximately 20.8 million new shares. To cover this, Bitdeer Prepaid Barclays 129.6 million dollars for a zero -strike option at more than 10.2 million shares, or 49 % of the total transfer. Bitdeer option allows the settlement of transfers using stocks from Barclays stocks instead of connecting its own store.
Bitdeer, is Use Nearly $ 129.6 million of revenue to finance zero calls option, 36.1 million dollars to pay cash consideration of simultaneous notes exchange transactions, the remaining funds for expanding the data center, and developing ASIC manufacturing and working capital.
The company is currently Work on new ASIC chips designs This can make mining platforms more efficient than current models.
The shares are marginally lower in Wednesday’s trade.
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