BUZZ-Bitfarms shares snapping 10-day winning streak after convertible bonds sale unveiled
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Bitfarms shares fell 11.9% to $5.70 after a 10-day winning streak, during which they gained approximately 130%. The Canada-based company announced a private offering of $300 million in convertible bonds due January 15, 2031, to raise capital for general corporate purposes. Despite the decline, Bitfarms shares have surged about 430% over the past three months, and all analysts covering the stock remain bullish with a median price target of $3.
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