SINGAPORE, Sept. 08, 2025 — Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a leading global technology company specializing in Bitcoin mining, announced today the issuance of a cleanup redemption notice for all of its outstanding 8.50% convertible senior notes due 2029 (referred to as the “notes”), totaling an aggregate principal amount of $7,700,000. The cleanup redemption date is set for September 23, 2025. The redemption price for any note being redeemed will be equal to 100% of its principal amount, in addition to any accrued and unpaid interest calculated from August 15, 2025, up to, but not including, the cleanup redemption date. On the cleanup redemption date, the redemption price will become due and payable for each note to be redeemed, and interest on such notes will cease to accrue from that date forward.
Noteholders retain the right to convert their notes at any time before 5:00 p.m. (New York City time) on September 19, 2025, designated as the “conversion deadline.” The conversion rate applicable to notes converted between today and the conversion deadline is 127.9743 Class A ordinary shares of Bitdeer, with a par value of $0.0000001 per share (the “Class A ordinary shares”), for every $1,000 principal amount of the notes. This rate incorporates an increase of 10.9536 Class A ordinary shares per $1,000 principal amount of the notes, which results from the cleanup redemption call. Bitdeer has opted to settle any conversions of the notes during the cleanup redemption period by issuing Class A ordinary shares, accompanied by cash where necessary, in lieu of delivering any fractional Class A ordinary shares.
About Bitdeer Technologies Group
Bitdeer is a world-renowned technology firm focused on Bitcoin mining. Bitdeer is dedicated to offering its clients comprehensive solutions for Bitcoin mining. The Company manages intricate computing processes such as equipment sourcing, logistical coordination, datacenter design and construction, equipment administration, and daily operational activities. Additionally, the Company provides advanced cloud services to clients requiring significant artificial intelligence capabilities. Headquartered in Singapore, Bitdeer operates datacenters situated in the United States, Norway, and Bhutan.
Forward-Looking Statements
Any statements within this press release concerning future expectations, plans, and prospects, as well as any other declarations not based on historical facts, may be classified as “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. The terms “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions are used to identify forward-looking statements, although not all forward-looking statements include these identifying terms. Such forward-looking statements encompass, among others, those related to Bitdeer’s expectations regarding the successful execution of the notes’ cleanup redemption. Actual results might differ substantially from those indicated by these forward-looking statements due to various significant factors. These include risks and uncertainties associated with carrying out the cleanup redemption of the notes and events that could affect the redemption’s terms, as well as discussions of potential risks, uncertainties, and other factors detailed in the “Risk Factors” section of Bitdeer’s annual report on Form 20-F and its subsequent submissions to the U.S. Securities and Exchange Commission. Readers are advised against placing undue reliance on these forward-looking statements, as important factors, many beyond Bitdeer’s control, could cause actual outcomes to differ materially from those expressed in such statements. Any forward-looking statements contained in this press release are valid only as of its publication date. Bitdeer explicitly disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Information on this page should not be considered current or accurate after its publication date.
For investor and media inquiries, please reach out to:
Investor Relations
Orange Group
Yujia Zhai
bitdeerir@orangegroupadvisors.com
Public Relations
BlocksBridge Consulting
Nishant Sharma
bitdeer@blocksbridge.com
