DigitalOcean boosts convertible notes offering to $550M amid AI expansion push

DigitalOcean has upsized its convertible senior notes offering to $550 million, set to mature in 2030, after strong investor demand. Proceeds will refinance $1.13B in 2026 notes, fund capped call transactions, and support corporate needs. The move comes as the cloud provider deepens its AI footprint with GPU-powered services and its Gradient platform, positioning itself to compete in specialized cloud and AI markets.