Crypto miner Bitdeer tanks 17% after $300M debt offering

CoinTelegraph

by Martin Young

February 20, 2026

AI-Generated Deep Dive Summary

Cryptocurrency mining company Bitdeer Technologies Group has faced significant share price volatility following its latest financial move. The firm announced a $300 million convertible senior note offering, which immediately impacted its stock value—shares dropped 17% on the day of the announcement and have fallen 29% so far this year. This marks Bitdeer's second such offering, with the first, a $150 million deal in April 2024, also causing an 18% decline in its stock price. Convertible senior notes are debt instruments that allow investors to convert their holdings into company shares under specific conditions. These notes often appeal to companies seeking capital without immediately diluting existing shareholders, though they come with potential risks if the firm's value increases significantly. Bitdeer's decision to issue such a large amount reflects its strategic focus on growth and expansion in both cryptocurrency mining and artificial intelligence infrastructure. For crypto investors, this development underscores the challenges and uncertainties in the current market environment. The repeated stock slumps tied to these offerings highlight investor concerns about financial stability and future performance. While convertible notes can provide a flexible funding avenue, they also introduce obligations that could strain the company's balance sheet if its valuation rises. This move by Bitdeer serves as a reminder of the risks associated with high-debt financing strategies in the volatile crypto sector. Overall, Bitdeer's latest financial maneuver highlights

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Originally published on CoinTelegraph on 2/20/2026