Summary:
- BitDeer, a cryptocurrency mining platform, has announced a convertible senior note offering, which has caused its stock price to drop by 17%.
- Convertible senior notes are a type of debt instrument that can be converted into the company's stock at a predetermined price, providing investors with both debt and equity exposure.
- The funds raised from this offering will be used by BitDeer to expand its mining operations and infrastructure, as the company aims to capitalize on the growing demand for cryptocurrency mining services.