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Bitcoin Miner Keel Infrastructure Launches $400M Convertible Notes Offering, Closing Expected June 9

2026-06-05 12:31:37

According to Globenewswire, Nasdaq-listed bitcoin miner Keel Infrastructure (formerly Bitfarms) announced a planned offering of convertible senior notes to raise $400 million, with closing targeted for around June 9, 2026, subject to market and other customary conditions. Proceeds will be used to pay capped call transaction costs and general corporate purposes, including long-term equipment deposits for data center construction and credit facilities. If underwriters exercise their option to purchase additional notes, part of the net proceeds will fund supplementary capped call transactions, with the remainder allocated to general corporate use.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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