PANews reported on October 16th that Bitcoin mining and digital infrastructure company Bitfarms Ltd. (ticker symbol BITF) plans to raise $300 million through a convertible bond offering. The convertible bonds are convertible into cash, common stock, or a combination of the two at Bitfarms' discretion. The bonds are unsecured, mature in 2031, and will pay interest semi-annually starting in July 2026. Bitfarms intends to use the proceeds for "general corporate purposes," including funding capped call options transactions to hedge against dilution from bond conversions. According to the statement, the company plans to enter into private transactions with some bond purchasers to limit the dilution to a premium of approximately 125% to BITF's current share price.PANews reported on October 16th that Bitcoin mining and digital infrastructure company Bitfarms Ltd. (ticker symbol BITF) plans to raise $300 million through a convertible bond offering. The convertible bonds are convertible into cash, common stock, or a combination of the two at Bitfarms' discretion. The bonds are unsecured, mature in 2031, and will pay interest semi-annually starting in July 2026. Bitfarms intends to use the proceeds for "general corporate purposes," including funding capped call options transactions to hedge against dilution from bond conversions. According to the statement, the company plans to enter into private transactions with some bond purchasers to limit the dilution to a premium of approximately 125% to BITF's current share price.
Bitcoin miner Bitfarms files for $300 million convertible bond offering
PANews reported on October 16th that Bitcoin mining and digital infrastructure company Bitfarms Ltd. (ticker symbol BITF) plans to raise $300 million through a convertible bond offering. The convertible bonds are convertible into cash, common stock, or a combination of the two at Bitfarms' discretion. The bonds are unsecured, mature in 2031, and will pay interest semi-annually starting in July 2026.
Bitfarms intends to use the proceeds for "general corporate purposes," including funding capped call options transactions to hedge against dilution from bond conversions. According to the statement, the company plans to enter into private transactions with some bond purchasers to limit the dilution to a premium of approximately 125% to BITF's current share price.
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