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Bitfarms Closes Its Second $15M Private Placement in a Week
Summary: Public cryptocurrency mining company Bitfarms (BITF) today closed its second private placement of shares Wednesday worth CAD$20 million, or over US$15 million. A week ago, BITF announced the completion of a $15 million placement. The sale consisted of 5,586,593 common shares, over 3 million fewer shares than its first placement. The proceeds will fund the acquisition ...
Public cryptocurrency mining company Bitfarms (BITF) today closed its second private placement of shares Wednesday worth CAD$20 million, or over US$15 million.
A week ago, BITF announced the completion of a $15 million placement. The sale consisted of 5,586,593 common shares, 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. Bitfarms has a current market value of $374 million with over 85 million shares outstanding, per data from Ycharts.
By Amy Liu
Tags: Bitfarms,Cryptocurrency Mining,Private Placement
Link: Bitfarms Closes Its Second $15M Private Placement in a Week [Copy]
