Bitfarms Looks to Boost Liquidity With Sale of 1,500 Bitcoin, New Loan

June 17, 2022

Crypto miner Bitfarms (BITF) raised $34 million with the sale of 1,500 bitcoin (BTC), applying those funds to trim a credit-backed facility from Galaxy Digital (GLXY.TO) to $66 million from $100 million. Alongside, the company entered a new $37 million equipment financing deal with NYDIG.

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