Bitfarms Secures $300 Million Financing Agreement for Pennsylvania Project

According to Odaily, Nasdaq-listed mining company Bitfarms announced on the X platform that it has reached a preliminary agreement for a $300 million private debt financing with Macquarie Group. This funding is intended to support the initial development of the HPC project at Panther Creek in Pennsylvania. The initial financing amount is set at $50 million, with the maximum withdrawal amount reaching $300 million upon final document signing. Macquarie Group is expected to provide non-dilutive funding for the initial construction of the Panther Creek data center.