Bitfarms announces it has signed a preliminary agreement for $300 million in private debt financing

On April 2, Nasdaq-listed mining company Bitfarms announced on the X platform that it has reached a preliminary agreement with Macquarie Group for a $300 million private debt financing, to fund the initial HPC project development at Panther Creek in Pennsylvania. The initial financing amount is $50 million, with a maximum drawdown of $300 million after final document signing, and Macquarie Group is expected to provide non-dilutive funding for the initial construction of the Panther Creek data center.