The Bitcoin mining firm’s stock fell sharply amid a bond issuance, site damage in Ohio, wider Q3 losses, and postponed ASIC equipment deliveries.
Bitdeer’s shares opened down about 20% to $11.13, marking a 50% drop over the past week. The company announced a $400 million convertible bond issuance and plans to repurchase existing bonds. It also reported a fire at its Ohio mining site, broader Q3 losses, and delays in ASIC mining equipment shipments, intensifying market concerns over its operational and financial outlook.