Bitfarms

BITF

Market cap $3.58B

Bitfarms Ltd (NASDAQ:BITF) shares are falling in Wednesday's after-hours session after the company announced a convertible senior notes offering.

TORONTO, Ontario and NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a North American energy and digital infrastructure company (“Bitfarms” or the “Company”), today announced that it intends to offer US$300 million aggregate principal amount of convertible senior notes due 2031 (the “Convertible Notes”). Bitfarms also expects to grant 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$60 million aggregate principal amount of the Convertible Notes. The offering is subject to market and other conditions (including receipt of Toronto Stock Exchange approval), and there can be no assurance as to whether, when or on what terms the offering may be completed.

Bitfarms' bold shift into HPC and AI, backed by major investments and institutional support, aims to redefine its future beyond Bitcoin mining.

Bitfarms (BITF) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

BITF's ambitious pivot to AI and high-performance computing gains traction with major U.S. projects and strong funding support.

Jonathan Mir brings 25+ years' capital markets experience in energy infrastructure Jonathan Mir brings 25+ years' capital markets experience in energy infrastructure

-$300 million facility to fund Phase 1 of Panther Creek data center development with energization expected by YE 2026--On track to break ground on Panther Creek data center in Q4 2025-

Bitfarms Ltd. (BITF) closed the most recent trading day at $3.01, moving +2.73% from the previous trading session.

Initiate coverage on Bitfarms with a Buy rating as a speculative bet for investors looking for AI infrastructure exposure. BITF, as it stands today, designs, builds, and operates large-scale BTC mining farms. The Panther Creek data center is expected to drive BITF's transition to supporting developers of AI in their high-compute needs.

After a bull run lasting a decade and a half, the U.S. dollar fell in value by about 11% relative to other currencies in the first half of 2025, the worst performance in decades. A host of factors have contributed, including lasting inflation, uncertainty about tariffs, and other geopolitical turbulence that has impacted markets around the world.