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Bitfarms Down 30% In 1 Week Despite $588M Raise: Will $4 Be Support? - Bitfarms (NASDAQ:BITF)
Bitfarms .Bitfarms .(US:BITF) Benzinga·2025-10-22 23:06

Bitfarms Ltd. (NASDAQ:BITF) shares are trading just above 4afterasharpcorrectionfromthismonthshighs,astheBitcoinminerandinfrastructurefirmcompleteda4 after a sharp correction from this month's highs, as the Bitcoin miner and infrastructure firm completed a 588 million convertible notes offering.Bitfarms Raises US588Million,StrengthensBalanceSheetThecompanyannouncedonMondaythatitclosedanupsized588 Million, Strengthens Balance SheetThe company announced on Monday that it closed an upsized 588 million issuance of 1.375% convertible senior notes due 2031.This includes an $88 million option exercised by initial purchasers. The raise marks Bitfarms' debut in the convertible bon ...