Bitfarms, a Bitcoin mining company, has submitted an application for a convertible bond issuance valued at $300 million. This move indicates the company’s strategy to raise capital through debt instruments. Convertible bonds typically allow investors to convert their bonds into a predetermined number of shares, providing potential upside if the company performs well. Bitfarms aims to leverage this financial tool to enhance its operational capabilities and expand its mining activities. The issuance reflects the ongoing interest in alternative financing methods within the cryptocurrency sector.
