Bitfarms Ltd. is trading at $5.66 (+10.33%) after pricing an upsized $400 million 1.250% convertible senior notes offering due 2032.
- The offering was upsized to $400 million from its original target, reflecting strong investor demand for the senior notes maturing in 2032.
- Positive momentum is supported by a broader crypto rally, with Bitcoin gaining 3.79% and Ethereum rising 4.07%.
- A general risk-on sentiment across U.S. equity markets is further reinforcing the upward move in crypto-linked stocks.