DLA Piper advises the initial purchasers on Bitfarms’ US$588 million convertible senior notes

DLA Piper advised the initial purchasers, led by Cantor Fitzgerald & Co. and Moelis & Company LLC, in an upsized offering of US$588 million of convertible senior notes by Bitfarms Ltd. The offering consisted of 1.375 percent convertible senior notes due 2031.

Bitfarms is a North American energy and digital infrastructure company that builds and operates vertically integrated, state-of-the-art data centers and energy infrastructure for high-performance computing and Bitcoin mining.

The DLA Piper team included Partners Stephen P. Alicanti and Anna Spence (both New York), Marc A. Horwitz (Chicago), and Associates Gina Lee (Raleigh), Alexander N. Grynszpan (New York), and James Spaulding (Chicago).

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