Bitfarms Boosts Convertible Note Offering to $500M Amid Surging Investor Demand

Reading Time: < 1 minute

Bitfarms has significantly upsized its latest fundraising round, increasing a convertible note offering from $300 million to $500 million due to strong investor interest.

The company priced $500 million in 1.375% senior notes due 2031, a move that signals robust market confidence and provides substantial capital for its evolving digital infrastructure strategy.

The notes offer an initial conversion price of approximately $6.86 per share, representing a 30% premium over Bitfarms’ recent closing price. This successful expansion of the offering, which includes an additional $88 million purchase option for initial buyers, highlights strong institutional belief in the company’s growth trajectory.