ChainThink news, October 16, according to The Block, Bitcoin mining and digital infrastructure company Bitfarms Ltd. is planning to issue a batch of convertible bonds to raise $300 million in funding.

These convertible bonds can be converted into cash, the company's common stock, or a combination of both, at Bitfarms' discretion. The bonds are unsecured, have a maturity date of 2031, and will pay interest semi-annually starting from July 2026.

Bitfarms stated that the raised funds will be used for general corporate purposes, including "cap option trading" to hedge against equity dilution caused by the conversion of the bonds. The company plans to enter into private agreements with certain bond purchasers to limit the dilution to a premium level of approximately 125% of the current stock price.