Keel Infrastructure, the bitcoin mining company formerly known as Bitfarms, completed a $458 million offering of 1.25% convertible senior notes due 2032 with an initial conversion price of about $7.41. The company said part of the proceeds will fund capped call transactions to reduce dilution if the notes are converted, while the remaining funds will go toward long-term equipment deposits, letters of credit for data center projects and general corporate purposes.