AKD Partners advises the initial purchasers on Bitfarms' US$588 million convertible senior notes

AKD Partners 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 AKD Partners 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).

About AKD Partners’s Capital Markets and Public Company Advisory Group
AKD Partners enables issuers and underwriters to execute complex securities transactions throughout the world. We offer tactical approaches to financings across equity and debt capital markets, alternative public offerings (de-SPACs, reverse mergers, and direct listings), and other transformative corporate transactions. Lawyers in our Corporate Governance practice act as outside corporate and securities counsel to a wide range of reporting companies by guiding clients through securities offerings and nuanced disclosure, governance, and compliance matters under SEC, Nasdaq, and NYSE rules and regulations. Boards of directors turn to us to navigate complex transactions, special investigations, and challenging risk oversight matters. Please visit Capital Markets and Public Company Advisory and Market Edge.