Bitdeer Responds to Financial Strain with $400M Bond Initiative

Bitdeer Technologies Group, led by Jihan Wu, saw a nearly 50% stock plunge this week due to a fire at its Ohio facility and underwhelming Q3 earnings.

The incidents highlight significant operational strains, prompting a $400 million bond issuance plan amid growing investor concerns about the company’s financial health and market stability.

Market Volatility and Bitcoin Price Trends

Market data from CoinMarketCap shows Bitcoin’s current price at $101,119.59 with a market cap of $2.02 trillion. The 24-hour trading volume reached $78.01 billion, marking a 32.65% change. Bitcoin’s price declined by 0.90% in the past 24 hours and by 10.10% over 30 days, continuing a downward trend over the last 90 days.

The Coincu research team notes the bond issuance by Bitdeer demonstrates a strategic effort to shore up its financial structure amid operational challenges. Analysts emphasize the importance of mitigating operational risks and maintaining supply chains to stabilize the company’s market position in a highly competitive environment.

“As of October 24, 2025, our BTC holdings total 2,180.2.” – Bitdeer Technologies Group Investor Relations

Market Data and Insights

Did you know? Fires at mining facilities like Bitdeer’s Ohio site often lead to significant short-term stock declines, as seen with Core Scientific in 2021, underscoring the operational risks within the Bitcoin mining sector.

Market data from CoinMarketCap shows Bitcoin’s current price at $101,119.59 with a market cap of $2.02 trillion. The 24-hour trading volume reached $78.01 billion, marking a 32.65% change.

Analysts emphasize the importance of mitigating operational risks and maintaining supply chains to stabilize the company’s market position in a highly competitive environment.