04:36 PM EDT, 10/15/2025 (MT Newswires) -- Bitfarms ( BITF ) was last seen down 6.5% in after-hours Nasdaq trading after the company on Wednesday said it will seek US$300 million in an offering of convertible senior notes due 2031, with an option for purchasers to buy an additional US$60 million within 13 days of issuance.

The cryptocurrency company said the notes have not yet been priced and the offering still requires Toronto Stock Exchange approval.

Bitfarms ( BITF ) intends to use proceeds for general corporate purposes and to enter cash-settled capped call transactions with one or more of the initial purchasers of the notes, which will reduce potential dilution up to a 125% premium to its last Nasdaq share price at pricing.

Shares of Bitfarms ( BITF ) were last seen down US$0.42 to US$6.04 after hours. They closed up $0.84 to $9.10 on the Toronto Stock Exchange.