Nasdaq-listed Bitcoin mining company Keel Infrastructure (formerly Bitfarms) announced plans to raise $400 million through the issuance of convertible preferred notes. The issuance is expected to be completed around June 9, 2026, but is subject to market and other closing conditions. The funds raised will be used to cover related capped subscription transaction costs and general corporate purposes, including long-term equipment deposits and credit guarantees for data center construction, as well as the company's general expenses.