💰 Bitfarms Raises $568M to Power Its AI & HPC Expansion in North America
Bitcoin mining firm Bitfarms — listed on Nasdaq — has completed its $588M offering of senior convertible notes due in 2031.
After deducting discounts, commissions, and issuance costs, the company raised around $568 million in net proceeds. Bitfarms plans to use these funds to accelerate the development of its high-performance computing (HPC) and AI infrastructure across North America.
This move signals Bitfarms’ growing ambition to diversify beyond Bitcoin mining and tap into the booming AI and data processing sector. ⚡
