{"id":54238,"date":"2025-10-22T15:16:40","date_gmt":"2025-10-22T15:16:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=54238"},"modified":"2025-10-22T15:16:40","modified_gmt":"2025-10-22T15:16:40","slug":"bitfarms-down-30-in-1-week-despite-588m-raise-will-4-be-support","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=54238","title":{"rendered":"Bitfarms Down 30% In 1 Week Despite $588M Raise: Will $4 Be Support?"},"content":{"rendered":"<div>\n<p><strong>Bitfarms Ltd. <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BITF\">BITF<\/a>) shares are trading just above $4 after a sharp correction from this month&#8217;s highs, as the Bitcoin miner and infrastructure firm completed a <a href=\"https:\/\/editorial.benzinga.com\/wp-admin\/post.php?post=1125967&amp;action=edit\">$588 million<\/a> convertible notes offering.<\/p>\n<h3 class=\"wp-block-heading\">Bitfarms Raises $588 Million, Strengthens Balance Sheet<\/h3>\n<p>The company <a href=\"https:\/\/investor.bitfarms.com\/news-releases\/news-release-details\/bitfarms-announces-closing-us500-million-convertible-senior\">announced<\/a> on Monday that it closed an upsized $588 million issuance of 1.375% convertible senior notes due 2031.<\/p>\n<p>This includes an $88 million option exercised by initial purchasers.\u00a0<\/p>\n<p>The raise marks Bitfarms&#8217; debut in the convertible bond market.<\/p>\n<p>CEO <strong>Ben Gagnon<\/strong> said the transaction attracted institutional partners while minimizing dilution through a 125% capped-call structure.\u00a0<\/p>\n<p>&#8220;We now have the financial firepower and flexibility to move forward &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/10\/48356343\/bitfarms-down-30-in-1-week-despite-588m-raise-will-4-be-support\" alt=\"Bitfarms\" down in week despite raise: will be support>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitfarms Ltd. (NASDAQ:BITF) shares are trading just above $4 after a sharp correction from this month&#8217;s highs, as the Bitcoin miner and infrastructure firm completed a $588 million convertible notes offering. Bitfarms Raises $588 Million, Strengthens Balance Sheet The company announced on Monday that it closed an upsized $588 million issuance of 1.375% convertible senior [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-54238","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54238"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54238\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}