Bitdeer Unlocks $1 Billion Cash Tap for AI Empire

Bitdeer, a Bitcoin miner, has filed an Aug. 10 prospectus supplement that expands its at-the-market (ATM) equity program to register up to $1 billion of Class A share sales.

The company says the proceeds could help fund Tydal AI data center capital expenditures, specifically about $500 million remaining for Phase 1 and Phase 2 targets of Dec. 31, 2026, and Mar. 31, 2027.

At an illustrative price of $10.88, a full draw on Bitdeer's $1 billion ATM capacity would require approximately 91.9 million new shares, which could equal 40.4% of the existing Class A stock (≈28.8% of the enlarged pool).