Bitfarms Massive AI Fundraise Puts It on the IREN, Hut 8 Path
Posted On October 20, 2025
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.
- BITF stock is moving. See the details here.
Bitfarms’ total capital raise is $800 million. That amount is split between the $500 million convertible note offering and a $300 million project financing facility aimed at building out its Panther Creek data center in Pennsylvania.
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Pivot!
The aggressive pivot mirrors moves from peers such as IREN Ltd. (NASDAQ:IREN) and Hut 8 Corp. …
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