Mining company Bitfarms announced a $375 million market-priced equity offering plan

ChainCatcher news, Bitcoin mining company Bitfarms announced a $375 million market stock issuance plan, allowing the company to decide at its discretion to sell common stock through agents from time to time during the plan's term.

The company intends to use the net proceeds of the plan (if any) primarily for capital expenditures to support the growth and development of its existing mining operations, as well as for working capital and general corporate purposes. Since the common stock will be allocated at the current trading price at the time of sale, the price may vary among purchasers and during the allocation period.