GlobeNewswire·Feb 20, 2026, 7:00 AM ET

Bitdeer Announces Pricing of Registered Direct Offering of 5,503,030 Class A Ordinary Shares

BTDR

Bitdeer Technologies Group priced a registered direct offering of 5,503,030 Class A ordinary shares to holders of its 5.25% convertible senior notes due 2029 at US$7.94 per share.
The registered direct offering is expected to close on February 26, 2026, subject to customary conditions, & is estimated to generate approximately US$43.5 million in net proceeds.
Bitdeer simultaneously announced a private offering of 5.00% Convertible Senior Notes due 2032 with estimated net proceeds of approximately US$315.1 million, or US$363.7 million if the initial purchasers fully exercise their option to purchase additional notes.
Proceeds from both offerings will be used to pay approximately US$29.2 million for capped call transactions & approximately US$138.2 million to repurchase US$135.0 million aggregate principal amount of the 5.25% convertible senior notes due 2029.
Remaining net proceeds will fund datacenter expansion, HPC & AI cloud business growth, ASIC-based mining rig development & manufacture, working capital, & other general corporate purposes.
Completion of the registered direct offering & note repurchase transactions is contingent on the successful completion of the notes offering, while the notes offering completion is not contingent on the other two transactions.
Barclays Capital Inc. is acting as placement agent & ICR Capital LLC is acting as financial advisor for the registered direct offering.
The offerings are made pursuant to an effective shelf registration statement on Form F-3 filed with the U.S. Securities & Exchange Commission.