---
title: "BUZZ-Bitfarms shares snapping 10-day winning streak after convertible bonds sale unveiled"
description: "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 bon"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261477249.md"
published_at: "2025-10-16T15:13:39.000Z"
---

# BUZZ-Bitfarms shares snapping 10-day winning streak after convertible bonds sale unveiled

> 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.

U.S.-listed shares of Bitfarms (BITF.O) down 11.9% at $5.70 on Thurs as co seeks to raise capital

BITF shares had risen prior 10 sessions, racking up a gain of roughly 130%

Canada-based firm late Weds

private offering of $300 mln convertible bonds due Jan 15, 2031

Co plans to use net offering proceeds for general corp purposes It also intends to use either offering proceeds or cash on hand to pay cost of capped calls, derivative transactions employed to help offset potential dilution

Co has roughly $3.6 bln market cap, per LSEG data

BITF is the #1 trending ticker on retail investor forum Stocktwits on Thurs

Even with the decline on the session, shares have surged about 430% over the past three months

All 9 analysts covering BITF are bullish and their median PT is $3, LSEG data shows (Lance Tupper is a Reuters market analyst. The views expressed are his own)

### Related Stocks

- [BITF.US - Bitfarms Canada](https://longbridge.com/en/quote/BITF.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.