Bitcoin miner Bitdeer tumbles 17% as $300 million convertible note offering spurs dilution fears
Bitcoin miner Bitdeer experienced a 17% drop in its stock price following the announcement of a $300 million convertible note offering. Investors expressed concerns about potential dilution of shares, which contributed to the decline. The offering is intended to raise capital for expanding operations and enhancing liquidity. Bitdeer aims to strengthen its position in the competitive cryptocurrency mining sector despite the negative market reaction.
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