Bitfarms Ltd. (BITF) is leveraging its North American power resources to transition from bitcoin mining to high-performance computing (HPC) and artificial intelligence (AI) data centers. The company issued $588 million in convertible bonds, which are currently trading around $70 with a yield of approximately 9%. With roughly $1 billion in liquid capital, the company is funding strategic construction projects, including liquid-cooled data centers aligned with NVIDIA's next-generation GPU roadmap, such as GB300 and Vera Rubin. Segment valuations indicate significant growth potential in its GPU cloud and HPC/AI business segments.

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