Bitfarms Ltd. (TSXV:BITF) will seek acquisitions. The Company has closed its previously announced private placement of equity securities. The Offering was for gross proceeds of approximately $20-million and consisted of the sale of 8,888,889 common shares, along with warrants to purchase an aggregate of up to 8,888,889 common shares, at a purchase price of $2.25 per common share and associated warrant. The warrants have an exercise price of $2.75 per common share and exercise period of three years (through January 8, 2024). The funds were raised via a fully subscribed private placement of Units among U.S. institutional investors. The net proceeds of the Offering will be used principally to acquire additional miners, expand infrastructure, and improve its working capital position.