Bitfarms Secures $300 Million for HPC Expansion at Panther Creek

An announcement from Bitfarms ( (TSE:BITF) ) is now available.

Bitfarms has secured a $300 million private debt facility from a division of Macquarie Group to fund the development of a high-performance computing (HPC) data center at its Panther Creek location. This strategic financing is expected to accelerate the buildout at Panther Creek and position Bitfarms as a leader in large-scale HPC data center projects amidst growing demand driven by the AI revolution. The company reported an operational hashrate of 19.5 EHuM and a fleet efficiency of 19 w/TH for April 2025, with 268 Bitcoin earned, reflecting a slight decrease from the previous month.

Spark’s Take on TSE:BITF Stock

According to Spark, TipRanks’ AI Analyst, TSE:BITF is a Neutral.

Bitfarms is facing substantial financial challenges with negative profit margins and reliance on external financing. Although recent strategic moves and operational improvements provide some optimism, the overall financial health and valuation remain concerning. Technical indicators suggest a bearish trend, while the positive sentiment from the earnings call is tempered by regulatory and cost challenges.

To see Spark’s full report on TSE:BITF stock, click here.

More about Bitfarms

Founded in 2017, Bitfarms is a global energy and compute infrastructure company that develops, owns, and operates vertically integrated high-performance computing (HPC) and Bitcoin mining data centers. The company operates 15 Bitcoin data centers across the United States, Canada, Argentina, and Paraguay, primarily powered by environmentally friendly hydro-electric and long-term power contracts.

YTD Price Performance: -38.01%

Average Trading Volume: 24,742,524

Technical Sentiment Signal: Buy

Current Market Cap: $510.8M

For an in-depth examination of BITF stock, go to TipRanks’ Stock Analysis page.