Bitcoin Miner Bitfarms Increases Convertible Offering to $500 Million
TLDR Bitfarms upsizes its convertible notes offering to $500 million, up from $300M. The offering includes 1.375% senior notes due in 2031 with a 30% premium. Proceeds will be used for corporate purposes and capped call transactions. Bitfarms’ stock fell 18.4% on the announcement, despite recent gains…
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