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Benzinga
Benzinga
Business
Erica Kollmann

Bitfarms Massive AI Fundraise Puts It on the IREN, Hut 8 Path

DataCenterServer,Racks,And,Cabinets,Full,Of,Hard,Drives,Inside,Large

Bitfarms Ltd. (NASDAQ:BITF) is moving beyond Bitcoin (CRYPTO: BTC) mining into the fast-growing sector of high-performance computing (HPC) and AI datacenters. 

Last week, the company announced a $500 million convertible notes offering to finance the transition. 

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