The Macquarie-backed loan will support Bitfarms' transition toward AI and high-performance computing infrastructure, which Ben Gagnon, Bitfarm CEO, described as arriving at a pivotal time amid rising infrastructure demand

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Bitfarms CEO Ben Gagnon says the partnership with Macquarie is the beginning of its investment in the “near-term development” of Panther Creek data center, adding that amid the surging AI revolution and the growing demand for power and infrastructure, the financing “arrives at a pivotal time.”

Funds will accelerate Bitfarms’ strategic shift into high-performance computing, backed by strong infrastructure and proximity to major U.S. metros

Bitfarms has reached an initial agreement for a private debt facility of up to $300 million from Macquarie Equipment Capital to support its Panther Creek data center project in Pennsylvania.

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