Canadian Bitcoin mining company Bitfarms has secured a substantial loan of up to $300 million from Macquarie Equipment Capital, an Australian investment firm. The funds will support the development of its Panther Creek data center in Pennsylvania. Bitfarms has entered into an initial agreement for a private debt facility worth up to $300 million, with the first tranche of $50 million already secured. 8% interest rates apply, and the remaining funding is contingent on meeting specific development milestones. CEO Ben Gagnon views this partnership as a key step towards further development at Panther Creek, emphasizing its timing amid both AI’s growth spurt and demand for power infrastructure. The loan agreement follows Bitfarms’ recent acquisition of Stronghold Digital Mining through a stock-for-stock merger, significantly increasing its capacity. This move was met with positive reaction from investors, as the company saw share value rise by 2.54% on Nasdaq following the announcement.