TechFlow News, June 5: According to GlobeNewswire, Keel Infrastructure—a Nasdaq-listed Bitcoin mining company formerly known as Bitfarms—announced plans to raise $400 million through the issuance of convertible senior notes. The offering is expected to close around June 9, 2026, subject to market and other closing conditions. Proceeds will be used to cover costs associated with capped call transactions and for general corporate purposes, including long-term equipment deposits and credit guarantees related to data center construction. If the underwriters exercise their over-allotment option, a portion of the net proceeds will fund additional capped call transactions, with the remainder allocated to general corporate purposes.
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