Bitfarms Ltd. is trading 5.5% up at $5.41 in pre-market after announcing the pricing of an upsized $400 million 1.250% convertible senior notes offering due 2032.
- The upsized offering has improved investor confidence regarding the company's funding and long-term growth strategy.
- A firmer cryptocurrency backdrop is providing an additional tailwind, with Bitcoin and Ethereum both trading approximately 3% higher.