Bitfarms Announces $300 Million Convertible Debt Offering - BITF Stock Price Declines in Pre-Market Trading

Leading Bitcoin mining company Bitfarms has revealed plans to raise $300 million through a convertible senior notes offering. The cryptocurrency mining firm intends to use the capital for expanding mining infrastructure, acquiring additional mining equipment, and strengthening corporate finances. Following this announcement, BITF shares experienced significant pre-market declines as investors reacted to potential dilution concerns. The convertible notes offering represents a major strategic move for Bitfarms as the company positions itself for continued growth in the competitive Bitcoin mining sector.