Bitfarms Raises $500 Million in Convertible Notes to Fuel AI and HPC Expansion

Crypto mining company Bitfarms has significantly increased its convertible notes offering, raising $500 million to fund the expansion of its artificial intelligence (AI) and high-performance computing (HPC) infrastructure. This move comes after a surge in investor interest fueled by the company’s strategic shift away from traditional Bitcoin mining. 💰 Bitfarms initially sought $300 million but has now bolstered its offering to capitalize on strong demand for this new financing strategy.