🚨 Bitfarms converts its Macquarie facility to $300M project financing and draws an additional $50M to accelerate HPC and AI development at the Panther Creek campus in Pennsylvania.
Building scalable, efficient digital infrastructure positioned to power the AI era.
More here:
https://t.co/fyv0Ip8YZb
#Bitfarms #BITF #AI #HPC #EnergyFirst #PositionedToPower
$bitf is up 24% today with over 134.5M shares traded today across the US and Canada.
Thats ~24.5% of all outstanding shares. An absolute record for @Bitfarms_io in both countries.
Looks like I am not the only one who’s bullish on Bitfarms.
We believe that Bitfarms’ shares are currently undervalued because our Bitcoin business is underappreciated by the market, with little to no value being associated with our HPC potential. This Program demonstrates our confidence in Bitfarms’ business, our management team, and most importantly our high-performance computing data center growth strategy. We strongly believe our unique and highly desirable energy portfolio in Pennsylvania will drive long-term, sustainable growth that is financeable and enables management to leverage its balance sheet strength to drive shareholder value with this buyback program while simultaneously pursuing growth opportunities in HPC/AI to best capitalize on our substantial US energy pipeline.
$bitf
$btc
Bitfarms welcomes Craig Hibbard as SVP of Infrastructure!⚡
We are excited to bring on @CraigHibbard to lead infrastructure development as we expand our U.S. data center portfolio for #Bitcoin mining, #HPC, and #AI.
Craig brings extensive experience in large-scale real estate & digital infrastructure, having recently led the rapid buildout of 200+ MW for a U.S. digital assets firm.
Based in Pennsylvania, Craig will play a key role in scaling our PJM portfolio & advancing our HPC/AI strategy.
Welcome to the team, Craig! 👏
#Bitfarms #USExpansion #DataCenters #Infrastructure #Energy #Innovation $BITF
Bitfarms CEO, Ben Gagnon, gave the full business update on the #PowerminingAnalysis podcast.
📢 @captainkeel:
“Bitfarms is well-positioned to capitalize on the surging demand for power and infrastructure in the compute industry.”
Listen to hear more about what to expect in 2025 from Bitfarms, including the Stronghold Digital (SDIG) acquisition, and our expansion into HPC / AI.
#Bitcoin #BitcoinMining #HPCAI #StrategicGrowth #Bitfarms