Bitcoin miner Bitfarms files for $300 million convertible bond offering

Bitfarms Ltd. (BITF), a Bitcoin mining and digital infrastructure company, plans to raise $300 million through a convertible bond offering. The convertible bonds are convertible into cash, common stock, or a combination of the two at Bitfarms' discretion. The unsecured bonds mature in 2031 and will pay interest semi-annually starting in July 2026.