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Benzinga
Benzinga
Business
Henry Khederian

Bitfarms (BITF) Stock Is Sliding Thursday: What's Going On?

BITF Bitfarms Bitfarms Ltd
bitcoin mining

Shares of Bitfarms Ltd (NASDAQ:BITF) are trading lower Thursday morning after the digital infrastructure company announced a capital raise. Here’s what investors need to know.

What To Know: Late Wednesday, Bitfarms revealed plans for a $300 million convertible senior notes offering due in 2031, with an option for the initial purchasers to buy up to an additional $60 million of the notes.

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