Bitfarms Launches $300M Convertible Senior Note Offering Due 2031

Deal Summary

Bitfarms announced a proposed offering of $300 million in convertible senior notes due Jan. 15, 2031, with an option for initial purchasers to buy an additional $60 million. Proceeds will fund general corporate purposes and capped call transactions to offset dilution; notes are convertible into cash, shares, or a mix.