Bitcoin mining company Keel Infrastructure plans to raise $400 million by issuing convertible senior notes.

CoinFeed reported on June 6 that, according to Globenewswire, Nasdaq-listed Bitcoin mining company Keel Infrastructure (formerly Bitfarms) announced its plan to raise $400 million through the issuance of convertible senior notes. The issuance is expected to be completed around June 9, 2026, subject to market and other closing conditions. The proceeds will be used to pay related capped subscription transaction costs and for general corporate purposes, including long-term equipment deposits and credit guarantees for data center construction, as well as general corporate purposes.