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Bitfarms, a global computer infrastructure company known for its Bitcoin mining operations, has entered into a $300 million loan agreement with Macquarie Group to finance the development of its high-performance computing (HPC) data centers.
According to an April 2 announcement, Macquarie’s private debt facility will provide $50 million in initial funding for Bitfarms’ Panther Creek data center project in Pennsylvania.
The remaining $250 million will be released once Bitfarms achieves “specific development milestones at its Panther Creek location,” the announcement said.
Once developed, Panther Creek will have a nearly 500-megawatt capacity fueled by several power sources.
Panther Creek “will be sought after by HPC tenants once construction of the project is underway,” said…more
Source cointelegraph.com
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