Bitfarms Proposes $300 Million Convertible Note Offering
Bitfarms Ltd., a leading North American energy and digital infrastructure firm, has unveiled plans to issue $300 million in convertible senior notes due 2031. The MOVE aims to enhance financial flexibility while addressing potential economic dilution risks.
The notes will accrue semi-annual interest starting July 2026, with maturity set for January 2031. Conversion terms allow for cash, shares, or a hybrid settlement at Bitfarms' discretion. Pricing details remain subject to negotiation.
Proceeds are earmarked for general corporate purposes, including capped call transactions designed to limit shareholder dilution. The strategic financing underscores Bitfarms' positioning in the evolving digital infrastructure landscape.