Bitfarms (NASDAQ: BITF) Stock Soars After Converting $300M Debt Facility for Pivotal AI Data Center

Bitfarms Ltd. announces a strategic pivot from crypto mining to AI data centers, converting $300 million in debt financing for its Pennsylvania facility.

Bitfarms successfully transformed a private debt facility from Macquarie Group into project-specific financing for developing its Panther Creek data center campus, focusing on high-performance computing and AI infrastructure. The announcement triggered a 16.3% stock surge, reaching new 52-week highs as investors embraced the company's diversification strategy beyond volatile Bitcoin mining into the stable AI sector.

• Stock soared 440% over six months following the strategic shift announcement
• Company plans 410 MW total capacity across three phases, targeting 2-3x higher margins than traditional mining
• Market views this as part of broader industry evolution where crypto miners leverage existing energy infrastructure for AI services
• Construction begins Q4 2025 with Phase 1 operational by end-2026, positioning Bitfarms in the growing AI infrastructure market