Cryptomine and HPC data center developer Bitfarms has transformed its $300 million private debt facility into project-specific financing for its Pennsylvania data center campus. The company plans to draw an additional $50 million to accelerate equipment purchases and advance HPC/AI development at the Panther Creek facility, according to recent reports.
Major Financing Shift for Pennsylvania Data Center Project
Cryptomine and high-performance computing data center developer Bitfarms has reportedly converted its $300 million private debt facility from Macquarie Group into project financing specifically for constructing a Pennsylvania data center campus, according to company announcements. Sources indicate this strategic move will enable the development of Phase I of the 350MW Panther Creek data center facility in Pennsylvania.