Bitfarms Massive AI Fundraise Puts It on the IREN, Hut 8 Path - Bitfarms (NASDAQ:BITF)

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 da ...