Bitcoin miner Bitfarms secures up to $300M loan from Macquarie

Bitfarms, a global computer infrastructure company known for its Bitcoin mining operations, has entered into a $300 million loan agreement with Macquarie Group to finance the development of its high-performance computing (HPC) data centers.According to an April 2 announcement, Macquarie's private debt facility will provide $50 million in initial funding for Bitfarms' Panther Creek data center project in Pennsylvania. The remaining $250 million will be released once Bitfarms achieves “specific development milestones at its Panther Creek location,” the announcement said.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-04-02 16:53:01 GMT.