Bitfarms to receive $39 million for Diversifying Crypto Mining

Bitfarms to receive $39 million for Diversifying Crypto Mining

Backbone Hosting Solutions Inc. functioning under Bitfarms has entered into an agreement with the GMP Securities L.P. and Powerone Capital Markets Limited, investment banks in Canada. The money worth $39 million to be raised by debentures is to diversify the crypto mining business. The Blockchain Mining Limited listed with Tel Aviv Stock Exchange is to merge with Bitfarms.

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