Bitdeer Technologies reduces share offering size to $700 million

Bitdeer Technologies (NASDAQ: BTDR) filed an amendment reducing the size of its at-the-market share offering to $700 million from $750 million, according to a Securities and Exchange Commission filing.

The bitcoin mining company entered into a sales agreement on January 3, 2025, with 12 financial institutions including Barclays Capital Inc., Cantor Fitzgerald & Co., and B. Riley Securities Inc. to sell Class A ordinary shares through an at-the-market offering program.

The offering size was previously reduced from $1 billion to $750 million in November 2025, and has now been further reduced to $700 million through the latest amendment filed Thursday.

As of the filing date, Bitdeer has sold Class A ordinary shares under the sales agreement for aggregate gross proceeds of $130.4 million. This amount is included within the $700 million total offering capacity.

Under the sales agreement terms, Bitdeer may offer and sell shares from time to time through the designated sales agents, who may act as either agent or principal in the transactions.

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