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Thursday, February 29, 2024
More
    bitcoin
    Bitcoin (BTC) $ 62,452.73
    ethereum
    Ethereum (ETH) $ 3,464.62
    tether
    Tether (USDT) $ 0.996278
    bnb
    BNB (BNB) $ 411.51
    usd-coin
    USDC (USDC) $ 0.998326
    xrp
    XRP (XRP) $ 0.590235
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.126372
    cardano
    Cardano (ADA) $ 0.691121
    solana
    Solana (SOL) $ 128.58
    matic-network
    Polygon (MATIC) $ 1.04
    polkadot
    Polkadot (DOT) $ 8.70
    tron
    TRON (TRX) $ 0.14326

    Bitfarms publicizes C$60M non-public placement with US institutional traders

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    Bitcoin mining firm Bitfarms is searching for to boost C$60 million (approx. $44 million) from institutional traders within the US, the Canada-based agency introduced on Friday.

    Bitfarms will elevate the funds by way of a non-public placement, with gross proceeds from 44.4 million frequent shares at C$1.35 per share.

    Buyers may even have warrants to buy an combination of twenty-two.2 million frequent shares with an train value of C$1.61 ($1.17) per share. The warrants have an train interval of three years, Bitfarms stated in a press launch on Friday.

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    Bitfarms will use the non-public placement’s proceeds to amass extra miners, broaden its infrastructure and enhance the corporate’s working capital place. The agency’s month-to-month mining output rose 7.3% in September.

    In keeping with in the present day’s announcement, the non-public placement closes on November 28, 2023 or thereabout, the miner famous.

    Nonetheless, this will probably be β€œtopic to satisfaction of customary closing circumstances” and desires approval from the Toronto Inventory Change. In the meantime, New York-based funding financial institution H.C. Wainwright & Co. will act because the non-public placement’s unique agent.

    See also  Luxor Begins New Enterprise to Make Delivery of Bitcoin Mining Rigs Sooner
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