Bitfarms Stock Is Tumbling After Hours- Why Investors Are Selling Shares

Bitfarms (NASDAQ:BITF) shares are falling in Wednesday’s after-hours session after the company announced a convertible senior notes offering. Bitfarms said it intends to offer $300 million of convertible senior notes due 2031. The company plans to grant the initial purchasers a 13-day option to buy up to an additional $60 million of the notes.