Bitcoin Miner Bitfarms to Raise $31M in Sale of Shares to Institutional Investors
The additional funding will go towards the acquisition of more miners, expanding infrastructure and boosting working capital. Source
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Bitfarms
Bitfarms Closes Its Second $15M Private Placement in a Week
Bitfarms was able to sell far few shares for the same amount of proceeds thanks to a 45% rise in its stock price in the last week. Source
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Bitcoin Miner Bitfarms Leases 2,000 Rigs From BlockFills, Has Option for Up to 7,000 More
Bitfarms boost its mining power by 360 PH with the new lease, set to run for 24 months. Source
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Debt May Be a Double-Edged Sword for Bitcoin Miner Bitfarms
Industrial-scale bitcoin mining is an extremely capital-intensive business. Debt financing can be an attractive way to raise the funds needed to purchase equipment without diluting ownership through equity issuance. But the mining industry is volatile and loans generally feature high interest rates and strict collateral requirements, making it a double-edged
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