Bitcoin Miner Keel Infrastructure Completes $458M Convertible Notes Issuance on June 10

According to Globenewswire, on June 10, Keel Infrastructure (formerly Bitfarms) completed an issuance of $458 million in convertible senior notes with a 1.25% coupon rate, maturing in 2032 and an initial conversion price of approximately $7.41 per share. Part of the proceeds will be used to purchase capped call options to hedge dilution risk upon conversion, with remaining funds allocated for long-term equipment deposits and data center project credit facilities.
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