Latest news with #Bitdeer
Yahoo
4 days ago
- Business
- Yahoo
‘Risk assets are back in favor' says Bitdeer exec
'Risk assets are back in favor' says Bitdeer exec originally appeared on TheStreet. Bitcoin's recent climb to fresh highs stems from a convergence of factors, Bitdeer CFA Jeff LaBerge tells TheStreet Roundtable. 'Risk assets are becoming back in favor now,' he explains, citing clearer regulation and renewed macro appetite for growth assets. LaBerge notes that ETF inflows and the emergence of dedicated Bitcoin treasury firms have added further momentum — a combination that, if history repeats, could extend the current bull phase another 12 to 18 months. Looking beyond the traditional four‑year bull‑bear cycle, LaBerge argued that Bitcoin must evolve from a pure risk‑on asset into a true store of value. He pointed to April's volatility in equities, when Bitcoin rose about 15% despite a flat stock market, as an early sign of its flight‑to‑safety potential.'It's going to have to transition from being just a true risk‑on, risk‑off asset to acting more like digital gold,' he said — a shift he believes will reduce extreme swings and broaden adoption. Mining industry poised for growth LaBerge also highlighted how the mining sector is benefiting from today's rally. He explained that miners track 'hash price,' which combines Bitcoin's market price with global network hash rate to gauge profitability. With hash rate relatively steady even as prices climb, mining has become notably more lucrative — older machines now yield healthy returns, while new rigs such as Bitdeer's Sealminer A2 can generate a coin for roughly $30,000 to $35,000 in energy costs alone. Looking ahead, Bitdeer plans to launch its Sealminer A3 this quarter, boasting market‑leading efficiency. LaBerge expects this next‑generation rig to boost both self‑mining operations and third‑party also securing more flexible energy deals and diversifying into high‑performance computing and AI data centers to build resilience against future downturns. With a global portfolio spanning 2.7 gigawatts of secure power and onshore manufacturing coming to the U.S., LaBerge says Bitdeer is well positioned to weather any bear market — and help Bitcoin fully realize its role as digital gold. 'Risk assets are back in favor' says Bitdeer exec first appeared on TheStreet on Jul 24, 2025 This story was originally reported by TheStreet on Jul 24, 2025, where it first appeared.
Yahoo
26-06-2025
- Business
- Yahoo
Bitdeer Raises $330M Via Convertible Note Sale
Bitcoin miner and ASIC manufacturer Bitdeer Technologies (BTDR) has completed a $330 million private placement of convertible senior notes maturing July 1, 2031. The notes bear interest at 4.875% and feature a conversion price of $15.87 per share — about 44% above BTDR's current $11 trading price. The bond's conversion rate of 62.9921 Class A shares per $1,000 principal means full conversion could yield roughly 20.8 million new shares. To cover this, Bitdeer prepaid Barclays $129.6 million for a call option with a zero strike price on over 10.2 million shares, or 49% of the conversion total. The option allows Bitdeer to settle conversions using shares from Barclays' inventory rather than tying up its own stock. Bitdeer, is using roughly $129.6 million of the proceeds to fund the zero-strike call option, $36.1 million to pay the cash consideration for its concurrent note exchange transactions, and the remaining funds for datacenter expansion, the development of its ASIC manufacturing and working capital. The company is currently working on new ASIC chip designs that could potentially make its mining rigs substantially more efficient than current models. Shares are marginally lower in Wednesday trade. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-06-2025
- Business
- Yahoo
Bitdeer Technologies (BTDR) Falls 7% After $330-Million Debt Offer
We recently published a list of 10 Stocks Take A Shocking Nosedive. Bitdeer Technologies Group (NASDAQ:BTDR) is one of the worst-performing stocks on Thursday. Bitdeer Technologies fell by 7.13 percent on Wednesday to end at $11.8 apiece as investors unloaded portfolios following plans to raise $330 million in fresh funds through a debt offering. In a statement, Bitdeer Technologies Group (NASDAQ:BTDR) said that it plans to issue convertible senior notes to qualified institutional investors until June 23, 2025. The notes carry a yield rate of 4.875 percent to be paid semiannually on every January 1 and July 1 until 2031, unless earlier converted, redeemed or repurchased. According to Bitdeer Technologies Group (NASDAQ:BTDR), it would allocate $129.6 million of the proceeds to pay the cost of the zero-strike call option transaction which it entered into with an affiliate of one of the institutional investors. A construction team in a mining datacenter building work site with plans and equipment in hand. Meanwhile, some $36.1 million will be spent to pay the cash consideration for the concurrent note exchange transactions that it has entered into, while the remaining balance will be used for its data center expansion, ASIC based mining rig development, as well as working capital and other general corporate purposes. While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Bitdeer Ramps Up Self-Mining Capacity, Ships 1.6 EH/s of SEALMINER A2s in May
Bitcoin BTC mining firm Bitdeer (BTDR) increased its self-mining capacity and expanded its international operations in May, according to the company's monthly update. The Singapore-based firm mined 196 BTC last month — up 18% from April — as it pushed forward the deployment of its SEALMINER A2 rigs across data centers in the U.S., Norway, and Bhutan. The company's proprietary hashrate now sits at 13.6 exahashes per second (EH/s), thanks to the energization of 3.9 EH/s worth of SEALMINER A1 machines and the ongoing rollout of the A2 line. Bitdeer also shipped 1.6 EH/s of SEALMINER A2 units to external customers during the month, signaling growing adoption of its mining hardware. The firm's infrastructure buildouts are also gaining pace. In Norway, 70 megawatts (MW) of a planned 175 MW expansion at Tydal are already online, with the remaining 105 MW expected to be energized by the end of June. In Bhutan, the Jigmeling site has begun energization, with plans to bring an additional 368 MW online for a total of 500 MW. A 221 MW facility in Massillon, Ohio, remains on track for phased completion through the second half of the year. The company's reach is extending into new markets. Bitdeer is preparing a 50 MW site in Ethiopia with support from a local partner and has secured a fully licensed property in Alberta, Canada, where it will build a natural gas power plant to support mining operations. In May, Tether exercised warrants from a previous financing round, providing Bitdeer with $50 million in cash in exchange for over 5 million shares. Looking ahead, Bitdeer says it remains on track to reach 40 EH/s in self-mining capacity by October. Sign in to access your portfolio
Yahoo
07-06-2025
- Business
- Yahoo
Stocks rally as Trump-Musk feud cools down
Stocks rally as Trump-Musk feud cools down originally appeared on TheStreet. Crypto stocks bounced back on June 7 as both President Donald Trump and Tesla (Nasdaq: TSLA) boss Elon Musk retreated from their big, ugly feud from the previous day. Strategy (Nasdaq: MSTR), which had dipped around 6% yesterday, was trading at $375.01 at press time, up 1.69% a day. Helmed by Michael Saylor, the company is the largest public Bitcoin treasury company. The largest U.S. crypto exchange Coinbase (Nasdaq: COIN) had slipped as much as 10% the day before. The stock, which made it to the much-coveted spot on the S&P 500 in May, was trading at $254.31, up 4% a day. The crypto and stock trading exchange Robinhood (Nasdaq: HOOD) dipped around 8% on the day of the feud. It was trading at $76.24, up 5% a day. The story of Bitcoin miners was no different as the two men engaged in a heated public exchange over social media and press briefings on June 6. MARA Holdings (MARA) fell as much as 7% yesterday but was trading at $15.93, up 7.02% a day. Hut 8 Group (HUT) had similarly slipped by 7% the day before but rallied an impressive 14.83% to trade at $18.74. HIVE Digital (Nasdaq: HIVE) had slid around 9% yesterday and made the same recovery of 9% today to trade at $2.0042. Bitdeer (Nasdaq: BTDR) had also slipped 9% and successfully recovered by 11% to trade at $14.07 today. Notably, the stablecoin issuer Circle Internet Group (NYSE: CRCL) made an impressive debut on the day of the feud. CRCL was trading at $116.07 at press time, up 40% a day. Musk, who quit the Department of Government Efficiency (DOGE) by the end of May, has been criticizing Trump's "big, beautiful bill" since then. The disagreement escalated into an ugly public exchange the previous day that shook the markets. Stocks rally as Trump-Musk feud cools down first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Sign in to access your portfolio
