News Summary

• Keel shares fall 8% pre-market after upsized convertible note offering to fund AI infrastructure growth Shares of Keel Infrastructure (KEEL), formerly the crypto miner Bitfarms, fell 8% after the company priced an upsized $400 million convertible senior note offering.
• The 1.25% convertible notes mature in 2032 and can be converted into equity at an initial conversion price of $7.41 per share, a 25% premium to the stock's June 4 closing price.