Bitdeer Technologies Announces $300M Convertible Note Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy BTDR?
Source: seekingalpha
- Financing Plan: Bitdeer Technologies announced a $300 million convertible note offering due in 2032 aimed at institutional investors, which is expected to enhance the company's capital structure and financial flexibility.
- Stock Price Volatility: Following the announcement, Bitdeer's shares fell 15.92% in pre-market trading to $8.08, reflecting market caution regarding the financing plan, which may impact investor confidence.
- Use of Proceeds: The net proceeds from the issuance will be used to cover costs related to certain capped call transactions and cash consideration for concurrent note repurchase transactions, with remaining funds allocated for data center expansion, HPC, and AI cloud business development, indicating the company's focus on future growth.
- Shareholder Equity: Bitdeer also plans to offer class A ordinary shares to holders of its 5.25% convertible senior notes due 2029, with the number of shares and price to be determined at pricing, further strengthening relationships with existing shareholders.
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Analyst Views on BTDR
Wall Street analysts forecast BTDR stock price to rise
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.610
Low
25.00
Averages
32.60
High
40.00
Current: 9.610
Low
25.00
Averages
32.60
High
40.00
About BTDR
Bitdeer Technologies Group is a technology company for blockchain. It provides computing solutions for customers. The Company handles processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, and equipment management. It primarily operates three business lines, namely self-mining, hash rate sharing, and hosting. Self-mining refers to cryptocurrency mining for its own account, which allows it to directly capture the high appreciation potential of cryptocurrency. It offers two types of hash rate sharing solutions, namely Cloud Hash Rate and Hash Rate Marketplace. Through Cloud Hash Rate, the Company sells its hash rate to customers. It offers hash rate subscription plans at a fixed price and shares mining income with them under certain arrangements. Its hosting services offer customers one-stop mining rig hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bitdeer Technologies Announces $300M Convertible Note Offering
- Financing Plan: Bitdeer Technologies announced a $300 million convertible note offering due in 2032 aimed at institutional investors, which is expected to enhance the company's capital structure and financial flexibility.
- Stock Price Volatility: Following the announcement, Bitdeer's shares fell 15.92% in pre-market trading to $8.08, reflecting market caution regarding the financing plan, which may impact investor confidence.
- Use of Proceeds: The net proceeds from the issuance will be used to cover costs related to certain capped call transactions and cash consideration for concurrent note repurchase transactions, with remaining funds allocated for data center expansion, HPC, and AI cloud business development, indicating the company's focus on future growth.
- Shareholder Equity: Bitdeer also plans to offer class A ordinary shares to holders of its 5.25% convertible senior notes due 2029, with the number of shares and price to be determined at pricing, further strengthening relationships with existing shareholders.
See More
Bitdeer Plans $300 Million Raise via Convertible Notes Offering
- Funding Initiative: Bitdeer Technologies Group announced plans to raise $300 million through a private offering of convertible senior notes to support its expansion and refinance part of its existing debt, indicating a strategic focus in the Bitcoin mining and AI infrastructure sectors.
- Terms of the Notes: The notes will rank as senior unsecured obligations with interest paid semi-annually, and upon conversion, Bitdeer can opt for cash, Class A ordinary shares, or a combination of both, enhancing investor appeal through flexibility.
- Market Reaction: Following the announcement, Bitdeer’s stock traded over 14% lower in Thursday’s premarket, reflecting market caution regarding the company’s financing plans, which may impact its short-term stock performance.
- Additional Funding Opportunity: If initial purchasers exercise their option, Bitdeer could secure an additional $45 million, providing the company with further financial flexibility to support its future growth initiatives.
See More
Bitdeer (BTDR) Q4 2025 Earnings Call Transcript
See More
BITDEER TECHNOLOGIES GROUP: B. RILEY LOWERS TARGET PRICE FROM $29 TO $22
- Price Adjustment: B. Riley has reduced the target price for Bitdeer Technologies Group from $29 to $22.
- Market Impact: This adjustment reflects changing market conditions and expectations for the company's performance.
See More
Bitdeer Technologies Reports Strong Q4 Earnings with Significant Revenue Growth
- Significant Revenue Growth: Bitdeer Technologies reported Q4 revenue of $224.8 million, a remarkable 225.8% year-over-year increase that exceeded market expectations by $18.38 million, highlighting the company's strong performance in the cryptocurrency mining sector and solidifying its market position.
- Net Profit Turnaround: The company achieved a net profit of $70.5 million, a substantial turnaround from a net loss of $531.9 million in the same period last year, indicating significant progress in cost control and operational efficiency, which enhances investor confidence.
- Gross Profit Improvement: Gross profit reached $10.6 million, up from $5.1 million year-over-year, reflecting the company's ability to effectively manage costs while driving revenue growth, thereby improving overall profitability.
- Strong Cash Position: As of December 31, 2025, Bitdeer reported cash and cash equivalents of $149.4 million, demonstrating financial stability that provides ample funding for future investments and expansion initiatives.
See More
Bitdeer Technologies to Announce Q4 Earnings on February 12
- Earnings Announcement: Bitdeer Technologies is set to release its Q4 2023 earnings report on February 12 before the market opens, with investors keenly awaiting performance metrics to assess the company's competitiveness in the cryptocurrency sector.
- Earnings Expectations: The consensus EPS estimate stands at -$0.12, reflecting a significant year-over-year improvement of 96.3%, indicating potential enhancements in cost control and operational efficiency within the company.
- Revenue Forecast: Bitdeer's revenue estimate is projected at $209.22 million, representing a remarkable year-over-year growth of 203.2%, which highlights the strong momentum in its cryptocurrency mining operations and may attract increased investor interest.
- Estimate Revisions: Over the past three months, EPS estimates have seen no upward revisions and four downward adjustments, while revenue estimates experienced four upward and four downward revisions, indicating market divergence and uncertainty regarding the company's future performance.
See More
Bitdeer Technologies Announces $300M Convertible Note Offering
- Financing Plan: Bitdeer Technologies announced a $300 million convertible note offering due in 2032 aimed at institutional investors, which is expected to enhance the company's capital structure and financial flexibility.
- Stock Price Volatility: Following the announcement, Bitdeer's shares fell 15.92% in pre-market trading to $8.08, reflecting market caution regarding the financing plan, which may impact investor confidence.
- Use of Proceeds: The net proceeds from the issuance will be used to cover costs related to certain capped call transactions and cash consideration for concurrent note repurchase transactions, with remaining funds allocated for data center expansion, HPC, and AI cloud business development, indicating the company's focus on future growth.
- Shareholder Equity: Bitdeer also plans to offer class A ordinary shares to holders of its 5.25% convertible senior notes due 2029, with the number of shares and price to be determined at pricing, further strengthening relationships with existing shareholders.
See More
Bitdeer Plans $300 Million Raise via Convertible Notes Offering
- Funding Initiative: Bitdeer Technologies Group announced plans to raise $300 million through a private offering of convertible senior notes to support its expansion and refinance part of its existing debt, indicating a strategic focus in the Bitcoin mining and AI infrastructure sectors.
- Terms of the Notes: The notes will rank as senior unsecured obligations with interest paid semi-annually, and upon conversion, Bitdeer can opt for cash, Class A ordinary shares, or a combination of both, enhancing investor appeal through flexibility.
- Market Reaction: Following the announcement, Bitdeer’s stock traded over 14% lower in Thursday’s premarket, reflecting market caution regarding the company’s financing plans, which may impact its short-term stock performance.
- Additional Funding Opportunity: If initial purchasers exercise their option, Bitdeer could secure an additional $45 million, providing the company with further financial flexibility to support its future growth initiatives.
See More
Bitdeer (BTDR) Q4 2025 Earnings Call Transcript
See More
BITDEER TECHNOLOGIES GROUP: B. RILEY LOWERS TARGET PRICE FROM $29 TO $22
- Price Adjustment: B. Riley has reduced the target price for Bitdeer Technologies Group from $29 to $22.
- Market Impact: This adjustment reflects changing market conditions and expectations for the company's performance.
See More
Bitdeer Technologies Reports Strong Q4 Earnings with Significant Revenue Growth
- Significant Revenue Growth: Bitdeer Technologies reported Q4 revenue of $224.8 million, a remarkable 225.8% year-over-year increase that exceeded market expectations by $18.38 million, highlighting the company's strong performance in the cryptocurrency mining sector and solidifying its market position.
- Net Profit Turnaround: The company achieved a net profit of $70.5 million, a substantial turnaround from a net loss of $531.9 million in the same period last year, indicating significant progress in cost control and operational efficiency, which enhances investor confidence.
- Gross Profit Improvement: Gross profit reached $10.6 million, up from $5.1 million year-over-year, reflecting the company's ability to effectively manage costs while driving revenue growth, thereby improving overall profitability.
- Strong Cash Position: As of December 31, 2025, Bitdeer reported cash and cash equivalents of $149.4 million, demonstrating financial stability that provides ample funding for future investments and expansion initiatives.
See More
Bitdeer Technologies to Announce Q4 Earnings on February 12
- Earnings Announcement: Bitdeer Technologies is set to release its Q4 2023 earnings report on February 12 before the market opens, with investors keenly awaiting performance metrics to assess the company's competitiveness in the cryptocurrency sector.
- Earnings Expectations: The consensus EPS estimate stands at -$0.12, reflecting a significant year-over-year improvement of 96.3%, indicating potential enhancements in cost control and operational efficiency within the company.
- Revenue Forecast: Bitdeer's revenue estimate is projected at $209.22 million, representing a remarkable year-over-year growth of 203.2%, which highlights the strong momentum in its cryptocurrency mining operations and may attract increased investor interest.
- Estimate Revisions: Over the past three months, EPS estimates have seen no upward revisions and four downward adjustments, while revenue estimates experienced four upward and four downward revisions, indicating market divergence and uncertainty regarding the company's future performance.
See More
