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According to Wu, the Nasdaq-listed Bitcoin mining company Bitdeer announced that it will raise $400 million through the issuance of convertible preferred notes. The company plans to use part of the funds raised along with the funds from a concurrent registered direct sale to complete capped call options and to repurchase part of the 5.25% convertible bonds maturing in 2029. The remaining funds will be invested in data center expansion, ASIC Mining Rig research and manufacturing, HPC and AI cloud business expansion, and general corporate purposes. Bitdeer stated that the hedging transactions and repurchase operations related to the capped call options may impact the company's common stock price, with the specific issuance interest rate, conversion price, and redemption terms to be determined at pricing.