[Bitdeer Plans Private Placement of $400 Million Convertible Bonds and Simultaneous Buyback of Existing Notes] According to GlobeNewswire, Bitdeer (Nasdaq: BTDR) announced plans for a private placement of $400 million in face value Convertible Senior Notes due 2031, with an option to issue up to an additional $60 million to initial purchasers. The company will determine the interest rate and initial conversion rate based on pricing, with the conversion consideration being cash, Class A common stock, or a combination thereof. The funds raised are intended for entering into capped call transactions with option counterparties to hedge dilution, repurchasing its 5.25% convertible bonds due 2029, as well as data center expansion, ASIC miner research and manufacturing, HPC and AI cloud business expansion, and working capital. The company will simultaneously proceed with a registered direct offering to partially repurchase the 2029 convertible bonds, with the related transactions being conditional upon each other.