** Shares of bitcoin miner Bitdeer Technologies BTDR.O down 14.2% before the bell to $8.25, a 10-month low, as co looks to raise capital

** Singapore-based BTDR announces proposed private placement of $300 mln convertible bonds (CBs) due 2032, and direct stock offering to certain holders of its 5.25% CBs due 2029

** It plans to use combined net proceeds from the offerings for datacenter expansion, high-performance computing and AI cloud business expansion, ASIC-based mining rig development, among other purposes

** Co also intends to use a portion of proceeds to pay for capped calls, derivative transactions to help mitigate dilution

** Barclays is placement agent and ICR Capital is financial advisor for the direct stock offering

** BTDR has about $1.8 bln market cap, per LSEG data

** Through Weds close, BTDR shares down 14% YTD and off ~65% from record intraday high of $27.80 hit in Oct

** 12 of 13 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT of $22 down from $32 a month ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))