BlockBeats News, June 10th, according to Globenewswire, the U.S.-listed Bitcoin mining company Keel Infrastructure (formerly Bitfarms) announced the completion of a $458 million convertible senior notes offering, with a coupon rate of 1.25%, maturing in 2032, and an initial conversion price of approximately $7.41.

Part of the proceeds will be used to purchase capped call options to hedge the dilution risk upon note conversion, while the remaining funds will be used for long-term equipment deposits, data center project letters of credit collateral, and other general corporate purposes. The company's primary business is Bitcoin mining and related data center infrastructure development.