Bitcoin Miner Bitfarms Closes $15M Brokered Private Placement

Canadian bitcoin mining firm Bitfarms (BITF)https://hashrateindex.com/stocks/bitf-cv closed a fully subscribed private placement of common shares worth CAD$20 million, or over US$15 million.

Bitfarms announced the sale Sunday, per a prior release.
In total, the sale consisted of 8,888,889 shares.
CEO Emiliano Grodzki said, "It has never been such an exciting time to be a part of the cryptocurrency mining industry." With miner manufacturers straining to meet the surging demand for new machines, he's not wrong.
Shares of the Quebec-based company are trading hands at $3 currently, up nearly 500% in the past year.
Bitfarms has a current market value of $260 million with 85.72 million shares outstanding.

See also: Bitfarms: A Race Against Time

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