SINGAPORE, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer"), a world-leading technology company for Bitcoin mining and AI cloud, today announced that it intends to offer, subject to market and other conditions, shares of its Class A ordinary shares, par value US$0.0000001 per share (the "Class A ordinary shares"), to certain holders of its 5.25% convertible senior notes due 2029 (the "November 2029 notes") in a direct placement registered under the Securities Act of 1933, as amended (the "Securities Act") (such placement, the "registered direct offering"). The number of Class A ordinary shares to be sold, and the price per Class A ordinary share, will be determined at the pricing of the registered direct offering.

Bitdeer intends to use the net proceeds from the registered direct offering, together with a portion of the net proceeds from Bitdeer's separately announced private offering of Convertible Senior Notes due 2031 (the "notes offering"), if consummated, to repurchase a portion of the November 2029 notes for cash in privately negotiated transactions effected through its agent (the "note repurchase transactions"). The completion of the registered direct offering is contingent on the completion of the notes offering and the note repurchase transactions, and the completion of the note repurchase transactions is contingent on the completion of the notes offering and the registered direct offering. The completion of the notes offering is not contingent on the completion of the registered direct offering or the note repurchase transactions. This press release shall not constitute an offer to buy or ...