Keel Infrastructure prices $400M convertible notes due 2032 at 1.25%

Keel Infrastructure announced pricing of $400 million in convertible senior notes due 2032 with a 1.250% coupon and initial conversion price of $7.41 per share, representing a 25% premium to the June 4 closing price. The offering, expected to close June 9, 2026, will be guaranteed by subsidiary Bitfarms Ltd. and proceeds will fund equipment deposits and general corporate purposes.