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Bitfarms closes $588 million convertible notes, bolsters AI firepower

Bitfarms Ltd. (BITF) announced on October 21 that it has closed its upsized offering of 588millionaggregateprincipalamountof1.375588 million aggregate principal amount of 1.375% convertible senior notes due 2031, including full exercise of the 88 million option granted to initial purchasers. Get these headlines directly to your inbox: subscribe to Blockspace. The notes carry an initial conversion rate of 145.6876 common shares per 1,000principalamount,equivalenttoaconversionpriceofapproximately1,000 principal amount, equivalent to a conversion price of approximately 6.86 per share, roughly a 30% premium ...