Bitfarms increases bond offering to $500 million: growth through AI!

Bitfarms increases bond offering to $500 million: growth through AI!

Bitfarms, a leader in blockchain technology and cryptocurrency mining, recently announced that it has increased the offering of its convertible senior notes to $500 million from an initial $300 million. This decision, communicated on October 16, 2025, is based on high demand from investors and reflects the Company's aggressive growth plans in artificial intelligence (AI) and high performance computing (HPC). Loud Crypto News Bitfarms is about diversifying beyond traditional mining.

The new bonds have an interest rate of 1.375% and are expected to close on October 21, 2025, subject to approval from the Toronto Stock Exchange. They have an $88 million call option for first-time buyers and have a maturity date of January 15, 2031. Interest is due semi-annually and the bonds are unsecured, meaning they can be repurchased or converted into shares under certain conditions.

Financing and growth strategies

The initial conversion price is approximately $6.86 per share, representing a 30% premium to the closing price of $5.28 on October 16, 2025. To mitigate the potential dilution from converting the notes, Bitfarms plans capped call transactions with a cap price of $11.88 per share, representing a 125% premium to the last market price. These capped calls are financed either through the proceeds from the bond offering or through existing liquid assets.

Proceeds from the offering will be used for general corporate purposes and to support capital expansion in the areas of AI and HPC. This strategy reflects a trend in the mining industry, where companies are increasingly seeking non-dilutive capital for their capital-intensive expansion. Investors' confidence in Bitfarms' new approach is reflected in the decision to increase the offering.

Market development and company growth

Over the past six months, Bitfarms’ share price has increased by more than 530%. This increase is attributed to the company's successful transition from traditional Bitcoin mining to AI and HPC infrastructure. Recent developments also include a $300 million loan facility from Macquarie for the Panther Creek sites and new AI data center partnerships.

Additionally, Bitfarms achieved 87% year-over-year revenue growth to $78 million in the second quarter, supporting positive analyst ratings. The analyst consensus rating for the company remains “Buy,” with the expectation that Bitfarms will become profitable in 2025. These developments underline the company's strategic realignment and ambitious growth plans, which can lead it to a strong position in a dynamic market.