Bitcoin Mining Firm Keel Raises $458 million through Convertible Promissory Notes
On June 10, Nasdaq-listed Bitcoin mining firm Keel Infrastructure — formerly known as Bitfarms — completed a $458 million convertible senior notes offering. The deal carries a 1.25% coupon rate, matures in 2032, and sets an initial conversion price of approximately $7.41, a 25% premium over the June 4 closing share price.
A portion of the raised capital will go toward purchasing capped call options to hedge dilution risks tied to note conversion. Keel noted its existing liquidity is expected to be sufficient to support development of its Panther Creek, Sharon, and Moses Lake projects through operational leasing. The new funding will also boost the company’s flexibility for general corporate purposes, such as covering long-term equipment deposits or serving as collateral for letters of credit linked to data center projects.
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A Beijing Woman in Her 60s Scams Young Man for Over 200,000 Yuan, Gets Liquidated in 10x Leveraged Crypto Trading, Sentenced to 4 Years
June 10. The Haidian District People’s Court in Beijing, China recently issued a ruling in a fraud case. Retiree Meng, who developed an obsession with virtual currency trading and refused to use his own retirement pension, posed as a 20-something staff member from a “central government department” named Xiao Hong on a short-video social platform. He built a romantic online relationship with a young man before defrauding more than 200,000 yuan from the victim, lying that the money was needed for a family member’s emergency surgery and overseas exam preparations.
Meng invested all the stolen 200,000 yuan into virtual currency trades with 10-times leverage. When the market took a downturn, he faced a margin call and lost nearly all the funds. Earlier, the Haidian District Prosecutor’s Office filed fraud charges against Meng. Finally, the Haidian Court sentenced him to four years in prison, imposed a fine, and ordered him to compensate the victim for their economic losses. (Beijing Evenin
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SK Hynix to Land on US Stock Market, Expected Approval in June, Official Listing in Mid-August
June 10 – South Korea’s Meritz Securities reported that SK Hynix’s American Depositary Receipt (ADR) offering in the U.S. is expected to win approval from the Securities and Exchange Commission (SEC) this June, with its official debut on U.S. markets likely set for mid-August.
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Justin Sun withdrew 12,000 ETH from Poloniex
June 10th: On-chain analyst Ai Auntie (@ai_9684xtpa) announced 20 minutes ago that Justin Sun withdrew 12,000 ETH from Poloniex, a transaction worth $19.5 million. This marks the second time in a week he has pulled ETH out of the exchange in this way; his prior withdrawal was staked on Lido, and the ETH taken out this time hasn’t been transferred to another address yet.
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Celebrity Analysts Sharply Respond to "Optical Module Bearish Report": Outdated Information, Fearmongering
June 10: Yesterday, SemiAnalysis—an independent research firm specializing in semiconductors, AI infrastructure, and data centers—published a report flagging significant delays to two key AI data center technologies. The note is widely cited as one of the primary catalysts driving a sharp pullback in U.S. AI sector stocks the day prior.
In response, a cohort of prominent analysts have slammed the SemiAnalysis report as outdated and alarmist, per a summary compiled by BlockBeats:
"Stock God with White Hair" Serenity took to social media to strongly challenge the research, calling its findings unreliable. Serenity stated they are leaning into the accelerated mass production timelines laid out by industry chain players, noting that Scale-Out CPO will begin ramping up in the second half of this year, while Scale-Up CPO is slated to launch in H2 2027, with a major growth phase kicking off in 2028.
Rising U.S. stock star researcher KawzInvests (@KawzInvests) emphasized that photonic commu
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