Deep Tide TechFlow News, June 5th, according to Globenewswire, 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 call transaction costs and general corporate purposes, including long-term equipment deposits and credit guarantees for data center construction.
If underwriters exercise their over-allotment option, part of the net proceeds will be used for additional capped call transactions, with the remaining used for the company's general purposes.
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