Bitfarms Closes Its Second $15M Private Placement in a Week
Bitfarms was able to sell far few shares for the same amount of proceeds thanks to a 45% rise in its stock price in the last week.
Public cryptocurrency mining company Bitfarms (BITF)https://hashrateindex.com/stocks/bitf-cv closed its second private placement of shares Wednesday worth CAD$20 million, or over US$15 million, a week after closing another $15 million placement.
- The sale consisted of 5,586,593 common shares, per a release, over 3 million fewer shares than its first placement.
- The proceeds will fund the acquisition of additional mining machines and the expansion of its mining facilities.
- Shares of the Quebec-based company are trading hands at $4.37 currently, up more than 45% from the price when Bitfarms closed its first placement.
- Bitfarms has a current market value of $374 million with over 85 million shares outstanding, per data from Ycharts.
Read more: Bitcoin Miner Bitfarms Closes $15M Brokered Private Placement
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
