Bitfarms Ltd. amends ATM offering for US$126.87 Million

Company

Bitfarms Ltd.

Law Firm / Organization
Peterson McVicar LLP

Company

H.C. Wainwright & Co., LLC

Law Firm / Organization
Ellenoff Grossman & Schole LLP

On October 4, 2024, Bitfarms Ltd. amended its prospectus supplement dated March 8, 2024, to qualify the distribution of up to US$126,874,834 in common shares under an at-the-market (ATM) program. H.C. Wainwright & Co., LLC served as the agent for the offering, earning a 3% fee on gross sales. The distribution was limited to Nasdaq, with no sales conducted on Canadian markets such as the TSX. Legal advisors involved included Peterson McVicar LLP for Canadian legal matters, Skadden, Arps, Slate, Meagher & Flom LLP for U.S. legal matters on behalf of Bitfarms, and Ellenoff Grossman & Schole LLP representing H.C. Wainwright & Co.

Public/Private Offering
Tech/Computer/IT
$ 171,760,000
Active