Bitfarms raises $588 million through a convertible note to expand its AI and computing capabilities in North America.
Amount Raised
$588 Million
Round Type
Convertible Note
TorontoInformation TechnologyEnergyAnalyticsRenewables & EnvironmentDescription
Bitfarms locked in $588 million through a convertible note offering, aiming to supercharge its AI and high-performance computing infrastructure in North America. The company expects about $568 million after costs, which it's planning to invest in expansion. This deal brought new institutional investors on board while helping the firm secure better terms. Despite raising significant capital, shares slid 2.7% after hours, reflecting market nerves around dilution and execution.
Quick answer
Bitfarms raised $588 Million in a Convertible Note round, dated October 21, 2025. Bitfarms is based in Toronto, Ontario, Canada.
- How much did Bitfarms raise?
- Bitfarms raised $588 Million in a Convertible Note round on October 21, 2025.
- Where is Bitfarms based and how big is it?
- Bitfarms is based in Toronto, Ontario, Canada. Fundz records about 179 employees.
- Who are the decision-makers at Bitfarms?
- Fundz holds 1 contact at Bitfarms, including the Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Analytics around the same time
Companies in the same sectors as Bitfarms that raised within 45 days of this round, from Fundz verified event records.
- Solfium raised $7M (Series A) on November 7, 2025.
- Leil Storage raised $1.7M (Seed) on November 6, 2025.
- Beyond Renewables raised an undisclosed amount (Pre-Seed) on October 31, 2025.
- MarkeDroid raised $348K (Funding Round) on October 23, 2025.
- Arbor Energy raised $55M (Series A) on October 21, 2025.
- Delta Green raised $2.3M (Funding Round) on October 15, 2025.
Who to call at Bitfarms, and when
A new round usually means Bitfarms is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Bitfarms raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Bitfarms, from your own LinkedIn network
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Related People
Bitfarms raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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