Bitcoin mining company Keel Infrastructure to raise $400 million through convertible preferred notes offering
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Bitcoin mining company Keel Infrastructure to raise $400 million through convertible preferred notes offering
According to GlobeNewswire, Nasdaq-listed Bitcoin mining company Keel Infrastructure (formerly 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 pay related capped call transaction costs and for general corporate purposes, including long-term equipment deposits and credit guarantees for data center construction. If the underwriters exercise their over-allotment option, a portion of the net proceeds will be allocated to additional capped call transactions, with the remainder used for general corporate purposes.
Navigating Web3 tides with focused insightsTechFlow 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.
