An announcement from Bitfarms ( (TSE:BITF) ) is now available.
On April 2, 2025, Bitfarms Ltd. announced an initial agreement for a private debt facility of up to $300 million with Macquarie Equipment Capital, Inc., a division of Macquarie Group. This financing will fund the development of Bitfarms’ Panther Creek data center in Pennsylvania, which is strategically located near major metropolitan areas. The initial draw of $50 million will be used for project development costs and general corporate purposes, with the potential for an additional $250 million as development milestones are achieved. This partnership with Macquarie is expected to accelerate Bitfarms’ growth in the HPC market and enhance its position as a leader in large-scale data center projects.
More about Bitfarms
Bitfarms Ltd., founded in 2017, is a global energy and compute infrastructure company. The company focuses on developing high-performance computing (HPC) data centers, leveraging its expertise in energy and infrastructure to support the growing demand for HPC solutions.
YTD Price Performance: -46.71%
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Technical Sentiment Signal: Strong Buy
Current Market Cap: $363.9M
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