Bitfarms announces pricing of upsized us$500 million of convertible senior notes

Toronto, ontario and new york, oct. 16, 2025 (globe newswire) -- bitfarms ltd. (nasdaq/tsx: bitf), a north american energy and digital infrastructure company (“bitfarms” or the “company”), today announced that it has priced its offering of us$500 million aggregate principal amount of 1.375% convertible senior notes due 2031 (the “convertible notes”). bitfarms has also granted the initial purchasers of the convertible notes an option to purchase, for a 13-day period beginning on and including the date on which the convertible notes are first issued, up to an additional us$88 million aggregate principal amount of the convertible notes. the aggregate principal amount of the offering was increased from the previously announced offering size of $300 million (or $360 million if the initial purchasers exercise their option to purchase the option in full). the offering is expected to close, subject to customary closing conditions (including receipt of toronto stock exchange (“tsx”) approval), on or about october 21, 2025.
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