Bitdeer Shares Drop After Plan to Offer Senior Notes

Dow Jones
Feb 19
 

By Chris Wack

 

Bitdeer Technologies Group shares were 17% lower, at $8, after the company said it intends to offer class A ordinary shares to certain holders of its 5.25% convertible senior notes due 2029 in a direct placement.

The technology company said the number of class A shares to be sold and the price will be determined at the pricing of the registered direct offering.

Bitdeer said it intends to use the proceeds from the registered direct offering for data-center expansion; artificial-intelligence cloud business expansion; mining-rig development and manufacture using ASIC, or application-specific integrated circuits; and working capital and other general corporate purposes.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

February 19, 2026 10:27 ET (15:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10