Bitdeer Technologies Group has announced the offering of $330 million in senior convertible notes, aimed at supporting data center expansion and ASIC miner development. Of the total amount, $130 million is allocated for a zero-strike call option transaction, while $36 million will settle concurrent note exchange transactions. This follows a previous $150 million debt raise in August 2024. The company’s shares have fallen 7.2% on the announcement day and are down 45.7% year-to-date, reflecting ongoing challenges in the Bitcoin mining sector.