10:10 AM EDT, 10/10/2025 (MT Newswires) -- Bitfarms ( BITF ) said Friday that it has converted its existing private debt facility for up to $300 million from Macquarie Group's Commodities and Global Markets business into a project-specific financing facility for its data center campus in Panther Creek, Pennsylvania.

The company said it will draw an additional $50 million from the converted facility to fund equipment purchases, civil works and construction of a substation, bringing the total drawn to $100 million through closing.

Bitfarms ( BITF ) said it targets to break ground in Q4, with energization expected by the end of 2026.

Shares of the company were up over 14% in recent Friday trading.

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