Financing structure & terms

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Bitfarms must maintain minimum liquidity levels and comply with customary loan covenants under the agreement
Macquarie received equity warrants from Bitfarms, linked to future draws and priced at a 25% premium to recent trading averages
The Macquarie debt facility transitions from a parent-level loan to a project-level structure upon achieving development milestones, securing the full funding against the Panther Creek site
Macquarie’s loan to Bitfarms is structured in tranches, each has a two-year maturity and an 8% annual interest rate, with the initial interest paid in kind for three months

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