Bitfarms Ltd. (BITF) closed at $5.01 in the latest trading session, marking a -5.11% move from the prior day. This change lagged the S&P 500's 0.53% gain on the day. Elsewhere, the Dow saw an upswing of 0.52%, while the tech-heavy Nasdaq appreciated by 0.52%. Coming into today, shares of the company had gained 65% in the past month. In that same time, the Business Services sector lost 4.93%, while the S&P 500 gained 0.71%. Analysts and investors alike will be keeping a close eye on the performance of Bitfar ...

U.S. stock futures were lower this morning, with the Dow futures falling more than 200 points on Friday.Shares of Bitfarms Ltd (NASDAQ:BITF) fell sharply in pre-market trading after the company announced the pricing of upsized $500 million of convertible senior notes.Bitfarms shares dipped 9.5% to $4.78 in pre-market trading.Here are some other stocks moving lower in pre-market trading.American Battery Technology Co (NASDAQ:ABAT) shares tumbled 19.8% to $4.55 in pre-market trading. American Battery Technolo ...

U.S. stock futures were lower this morning, with the Dow futures falling more than 200 points on Friday.Shares of Bitfarms Ltd (NASDAQ:BITF) fell sharply in pre-market trading after the company announced the pricing of upsized $500 million of convertible senior notes.Bitfarms shares dipped 9.5% to $4.78 in pre-market trading.Here are some other stocks moving lower in pre-market trading.American Battery Technology Co (NASDAQ:ABAT) shares tumbled 19.8% to $4.55 in pre-market trading. American Battery Technolo ...

Bitcoin miner Bitfarms upsizes convertible notes offering to $500 million https://t.co/k1oH3UUzEE ...

Core Viewpoint - Bitfarms Ltd. has announced the pricing of a US$500 million offering of 1.375% convertible senior notes due 2031, with an option for initial purchasers to buy an additional US$88 million [1][2] Summary by Sections Convertible Notes Offering - The offering size was increased from the previously announced US$300 million to US$500 million, with a potential total of US$588 million if the option is fully exercised [1] - The offering is expected to close around October 21, 2025, subject to customary closing conditions [1] Terms of the Notes - The Convertible Notes will accrue interest at a rate of 1.375% per annum, payable semi-annually starting July 15, 2026, and will mature on January 15, 2031 [2] - The Company has the right to redeem the notes under certain conditions and must offer to repurchase them upon specific events [2] Conversion Features - The initial conversion rate is set at 145.6876 common shares per US$1,000 principal amount, equating to an initial conversion price of approximately US$6.86 per share, representing a 30% premium to the last reported price of US$5.28 [4] - The conversion rate may be adjusted under certain circumstances, and the Company can settle conversions in cash, shares, or a combination [4] Use of Proceeds - Net proceeds from the offering will be used for general corporate purposes and to cover costs associated with capped call transactions [5][7] Capped Call Transactions - The Company has entered into cash-settled capped call transactions to cover the number of common shares underlying the Convertible Notes, with a cap price of US$11.88 per share, a 125% premium to the last reported price [6][9] - These transactions aim to reduce potential economic dilution upon conversion of the notes [9] Company Overview - Bitfarms is a North American energy and digital infrastructure company focused on building and operating data centers for high-performance computing and Bitcoin mining, with a significant portion of its energy pipeline based in the U.S. [14][15]

Key Points The Bitcoin miner is tapping investors for more financing. It's planning to float a new issue of convertible senior notes. 10 stocks we like better than Bitfarms › Like the cryptocurrency world it's part of, Bitfarms (NASDAQ: BITF) stock can be rather volatile. Recent trading sessions have highlighted this up-and-down nature, and unfortunately for the Bitcoin miner and (increasingly) data center company, Thursday was one of the down ones. Following a fairly vigorous rally over several p ...

The Bitcoin network hashrate declined modestly in the first two weeks of October, dropping 5 exahashes per second (EH/s) to an average of 1,030 EH/s, Wall Street bank JPMorgan (JPM) said in a report Thursday. The pullback in the hashrate follows the successive record highs seen in August and September. U.S.-listed miners that the bank tracks now account for around 38% of the global network. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of- ...

Bitfarms (BITF) announced it intends to offer $300 million in convertible senior notes due 2031, with an option for initial purchasers to buy up to an additional $60 million of the notes during a 13-day launch period. From July 16 to October 15, BITF shares are up 522%. Get these headlines directly to your inbox: subscribe to Blockspace. Bitfarms’ proposed notes will be senior unsecured obligations accruing interest semi-annually on January 15 and July 15, beginning July 15, 2026, and will mature on Janua ...

Market Overview - U.S. stock futures were higher, with Dow futures gaining over 100 points on Thursday [1] Company-Specific Movements - Satellogic Inc. (NASDAQ:SATL) shares fell 13.1% to $3.60 in pre-market trading following a proposed public offering [1] - American Battery Technology Company (NASDAQ:ABAT) shares dipped 23.9% to $6.81 after the DOE terminated its grant [3] - Hyperfine, Inc. (NASDAQ:HYPR) shares decreased 14.1% to $1.89 after reporting preliminary third-quarter revenue results below estimates and announcing a proposed public offering [3] - Omeros Corporation (NASDAQ:OMER) shares declined 9.2% to $9.45 after a significant 154% jump on Wednesday due to Novo Nordisk acquiring its global rights to Zaltenibart [3] - Hewlett Packard Enterprise Company (NYSE:HPE) tumbled 8.6% to $22.85 despite reporting record revenue driven by AI demand, as restructuring costs compressed profit margins [3] - NIO Inc. (NYSE:NIO) fell 8.5% to $6.24 in pre-market trading [3] - Inventiva S.A. (NASDAQ:IVA) declined 7.5% to $5.06 after a 10% gain on Wednesday [3] - Bitfarms Ltd. (NASDAQ:BITF) fell 4.6% to $6.17 after announcing a $300 million convertible senior notes offering [3] - Rigetti Computing, Inc. (NASDAQ:RGTI) shares fell 4.8% to $53.66 amid concerns over leadership commitment after the CEO sold all shares following an options exercise [3] - Datavault AI Inc. (NASDAQ:DVLT) slipped 4.8% to $2.00 in pre-market trading [3]

Market Overview - U.S. stock futures were higher, with Dow futures gaining over 100 points on Thursday [1] Company-Specific Movements - Satellogic Inc. (NASDAQ:SATL) shares fell 13.1% to $3.60 in pre-market trading following a proposed public offering [1] - American Battery Technology Company (NASDAQ:ABAT) shares dipped 23.9% to $6.81 after the DOE terminated a grant [3] - Hyperfine, Inc. (NASDAQ:HYPR) shares decreased 14.1% to $1.89 due to preliminary third-quarter revenue results falling below estimates and a proposed public offering [3] - Omeros Corporation (NASDAQ:OMER) shares declined 9.2% to $9.45 after a significant 154% increase the previous day following Novo Nordisk's acquisition of its global rights to Zaltenibart [3] - Hewlett Packard Enterprise Company (NYSE:HPE) tumbled 8.6% to $22.85 despite reporting record revenue driven by AI demand, as restructuring costs compressed profit margins [3] - NIO Inc. (NYSE:NIO) fell 8.5% to $6.24 in pre-market trading [3] - Inventiva S.A. (NASDAQ:IVA) declined 7.5% to $5.06 after a 10% gain the previous day [3] - Bitfarms Ltd. (NASDAQ:BITF) fell 4.6% to $6.17 after announcing a $300 million convertible senior notes offering [3] - Rigetti Computing, Inc. (NASDAQ:RGTI) shares fell 4.8% to $53.66 following CEO Subodh K. Kulkarni's sale of 1,000,000 shares, raising concerns about leadership commitment [3] - Datavault AI Inc. (NASDAQ:DVLT) slipped 4.8% to $2.00 in pre-market trading [3]