Why Bitfarms Stock Got Thrashed Today

Like the cryptocurrency world it's part of, Bitfarms (NASDAQ: BITF) stock can be rather volatile. Recent trading sessions have highlighted this up-and-down nature, and unfortunately for the Bitcoin miner and (increasingly) data center company, Thursday was one of the down ones. Following a fairly vigorous rally over several preceding sessions, the stock did an about-face with a more than 18% decline that day. Investors clearly weren't happy about the company's latest financing news.After market close on Wednesday, Bitfarms revealed that it aims to issue $300 million worth of convertible senior notes. These securities will mature in 2031 and pay interest semiannually if not converted before then. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool