Bitdeer Technologies Launches Registered Direct Offering of Class A Shares

Bitdeer Technologies Group, a prominent player in Bitcoin mining and AI cloud services, has unveiled plans for a registered direct offering of its Class A ordinary shares. This move, announced on November 12, 2025, aims to provide shares to certain holders of its 5.25% convertible senior notes due 2029. The offering is subject to prevailing market conditions and other factors, according to Bitdeer.

Details of the Offering

The registered direct offering, conducted under the Securities Act of 1933, involves selling an unspecified number of Class A ordinary shares at a price to be determined during the offering’s pricing. Bitdeer plans to utilize the proceeds from this offering, alongside funds from a private offering of Convertible Senior Notes due 2031, to repurchase a portion of the November 2029 notes.

This complex financial maneuver requires the successful completion of both the registered direct offering and the notes offering. However, the notes offering itself is not contingent on the success of the other two transactions. Barclays Capital Inc. has been appointed as the placement agent, with ICR Capital LLC serving as the financial advisor for the offering.

Strategic Financial Management

Bitdeer’s strategic approach aims to manage its financial obligations efficiently while strengthening its market position. The company has filed a shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission (SEC), which became effective on December 18, 2024. A preliminary prospectus supplement and an accompanying prospectus will be available on the SEC’s website for potential investors.

About Bitdeer Technologies Group

Headquartered in Singapore, Bitdeer is renowned for its comprehensive Bitcoin mining solutions, which encompass equipment procurement, logistics, datacenter management, and daily operations. The company also offers advanced AI cloud capabilities, catering to clients with high computational demands. Bitdeer operates datacenters in the United States, Norway, and Bhutan.

Forward-Looking Statements

The announcement includes forward-looking statements regarding the expected completion of the offering, the notes offering, and the note repurchase transactions. These statements are subject to risks and uncertainties, including market conditions and the fulfillment of closing conditions. Investors are advised to consult the “Risk Factors” section in Bitdeer’s annual report on Form 20-F and subsequent SEC filings for a detailed understanding of potential risks.

For further details, the original announcement can be accessed on the Bitdeer Technologies Group website.

Image source: Shutterstock