Bitfarms Ltd has secured a private debt facility of up to $300 million with Macquarie Group to enhance its Panther Creek data center operations. This financing includes an initial $50 million, with additional funds available after development milestones are met. Analysts are optimistic about Bitfarms, with an average target price of $3.64, indicating a potential ...
Bitfarms, a leading Bitcoin mining company, has secured a $300 million loan from Macquarie Group to enhance its high-performance computing data centers. Initially, $50 million is earmarked for the Panther Creek project in Pennsylvania, with the remaining funds contingent on meeting specific development goals. Once fully operational, Panther Creek aims to achieve a capacity of ...
Bitfarms Ltd., an energy and compute infrastructure company, has secured a significant private debt facility with Macquarie Group for up to $300 million. This initial agreement allows Bitfarms to access $50 million immediately to cover soft costs for its Panther Creek data center project, with the potential for up to $250 million more as development ...
Bitfarms Ltd. has released its March 2025 production and operations update, showcasing significant progress in its activities. The company achieved an operational hashrate of 19.5 EHuM, increasing 21% from the previous month. They successfully completed key acquisitions, including Stronghold Digital Mining, and sold a data center in Paraguay, focusing on U.S. operations for better efficiency ...
Bitfarms Ltd., a leading energy and compute infrastructure company, has shared its March 2025 production and operations highlights. The company’s operational hashrate surged by 21% to reach 19.5 EHuM, exceeding efficiency targets three months ahead of schedule. March was marked by significant milestones, including the acquisition of Stronghold Digital Mining and the sale of a ...
Bitfarms Ltd., a leading Bitcoin data center firm, has successfully sold its 200 MW data center in Yguazu, Paraguay to HIVE Digital Technologies for around $85 million. This strategic move allows Bitfarms to concentrate more on its North American operations, aiming for 80% of its energy portfolio to be sourced from the region by the ...
Bitfarms Ltd., a major player in Bitcoin mining, has successfully acquired Stronghold Digital Mining, enhancing its U.S. strategy. This acquisition expands Bitfarms’ energy management to 623 megawatts and establishes a robust growth pipeline of 1.1 gigawatts in Pennsylvania, positioning the company as a leader in the PJM Market. The merger rebalances Bitfarms’ portfolio to 80% ...
Bitfarms Ltd., a leading Bitcoin mining and data center company, reported its February 2025 production results, showcasing an operational hashrate of 16.1 EH/s, a 6% increase from the previous month. The company is on track to finalize the acquisition of Stronghold Digital Mining by Q1 2025 and is strategically selling its Yguazu facility in Paraguay. ...
Bitfarms Ltd., a leading Bitcoin mining company, reported an operational hashrate of 16.1 EH/s as of February 2025, marking a 6% increase from the previous month. The company is on track to complete its acquisition of Stronghold Digital Mining and sell the Yguazu data center by Q1 2025, enhancing its energy portfolio. CEO Ben Gagnon ...
Bitfarms Ltd. shared its production and operations update for January 2025, reporting an operational hashrate of 15.2 EH/s, a 19% increase from the previous month. The company energized two new sites in North America and is set to close significant transactions, including the sale of a 200 MW data center to HIVE and the acquisition ...
