3 hours ago

Bitfarms Turns Debt Into $300M Fuel for AI and HPC Growth in Pennsylvania

TLDR: Bitfarms restructured its Macquarie debt facility into a $300M project-specific financing deal for Panther Creek. The company will draw an added $50M to fund early construction and HPC/AI equipment purchases. The Panther Creek data center in Pennsylvania aims to reach energization by the end of 2026. Macquarie calls Pennsylvania a rising hub for AI [...]

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Source: Blockonomi →