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Bitfarms Ltd. Accelerates AI Data Center Expansion with $50M Funding Drawdown
Bitfarms Ltd. Accelerates AI Data Center Expansion with $50M Funding Drawdown
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BTCCSquare news:
Bitfarms Ltd. (BITF) shares surged 4.8% to close at $4.37 following the announcement of a strategic $50 million drawdown from a restructured $300 million financing facility. The capital will fuel development of a 350 MW high-performance computing campus in Pennsylvania, targeting AI infrastructure growth.
Macquarie Group's converted debt facility now operates as project-specific financing, optimizing deployment for the Panther Creek data center. Market response reflects confidence in Bitfarms' pivot toward AI-driven infrastructure, with the total drawn amount reaching $100 million to date.
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