Peterson McVicar Acts of Bitfarms in CAD$75.0 Million Private Placement with U.S. Institutional Investors
On May 17, 2021 (“Bitfarms”, or the “Company”) announced that it had entered into subscription agreements with certain institutional investors for gross proceeds of approximately CAD$75.0 million in a private placement in the United States, comprised of 14,150,944 common shares at CAD$5.30 per common share along with warrants to purchase an aggregate of up to 10,613,208 common shares.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the private placement in the United States.
Founded in 2017, Bitfarms is a Bitcoin mining company, running vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver high operational performance and uptime.
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