Bitfarms soars 13% as it draws additional $50 million from Macquarie debt facility

Bitfarms (BITF) shares surged 13% in the U.S. morning session on news that it had converted its previously announced Macquarie private debt facility into a project-specific loan of up to $300 million to fund Phase 1 of its Panther Creek campus. The company immediately drew an additional $50 million to speed equipment orders and kick off civil works and substation construction. Get these headlines directly to your inbox: subscribe to Blockspace. The original facility, arranged through Macquarie’s Commodit ...