Bitfarms Sees 500% Rally, $300M AI Pivot Sparks Wall Street Interest

Bitfarms, a former Bitcoin miner, is converting its debt facility with Macquarie Group into a $300 million project financing arrangement for developing its Panther Creek data center in Pennsylvania. The move aims to accelerate its high-performance computing and AI infrastructure strategy. The stock has risen 500% in five weeks and is now trading near $5.12, with momentum strong and potential resistance at $6.50-$7.00, aligning with the long-term downtrend line. A break above this level could open the path toward $12.00, matching prior all-time highs.

Bitfarms, a former Bitcoin miner, has announced a significant shift in its financial strategy by converting its debt facility with Macquarie Group into a $300 million project financing arrangement. The move is aimed at accelerating the development of its high-performance computing (HPC) and AI infrastructure strategy at the Panther Creek data center in Pennsylvania Bitfarms Converts $300M Macquarie Debt Facility to Fund Panther Creek HPC/AI Campus^[2].

The conversion allows Bitfarms to draw an additional $50 million immediately, bringing the total funding to $100 million to advance equipment orders and civil works ahead of construction Bitfarms Converts $300M Macquarie Debt Facility to Fund Panther Creek HPC/AI Campus^[2]. The remaining $200 million will be utilized over time as construction of the facility progresses Bitfarms Brief: Says US$300 Million Facility to fund Phase 1 of Panther Creek data center development with Energization Expected by YE26^[1]. This restructuring provides Bitfarms with greater flexibility and faster access to capital, enabling it to respond more effectively to the growing demand for AI infrastructure Bitfarms Converts $300M Macquarie Debt Facility to Fund Panther Creek HPC/AI Campus^[2].

Bitfarms' stock has seen a remarkable surge, rising more than 500% in the last five weeks and now trading near $5.12 per share Forget Saylor's MSTR — Bitfarms' AI Power Play Has Wall Street Talking $12 Next^[3]. This significant increase reflects renewed investor confidence in the company's pivot towards AI and data center services Bitfarms Converts $300M Macquarie Debt Facility to Fund Panther Creek HPC/AI Campus^[2]. The stock's recent performance has been driven by strong momentum, with buyers firmly in control and the next key resistance level at $6.50-$7.00, aligning with the long-term downtrend line Forget Saylor's MSTR — Bitfarms' AI Power Play Has Wall Street Talking $12 Next^[3].

If Bitfarms clears this resistance level, it could open the path towards $12.00, matching prior all-time highs Forget Saylor's MSTR — Bitfarms' AI Power Play Has Wall Street Talking $12 Next^[3]. The company's technical analysis indicates that the stock has climbed from its $1.00 base, crossing above all major moving averages and offering layered support between $1.90 and $3.25 Forget Saylor's MSTR — Bitfarms' AI Power Play Has Wall Street Talking $12 Next^[3]. The Bollinger Bands suggest expanding volatility, indicating strong buying momentum Forget Saylor's MSTR — Bitfarms' AI Power Play Has Wall Street Talking $12 Next^[3].

The development of the Panther Creek data center is part of Bitfarms' broader strategy to transform from a Bitcoin miner into an AI infrastructure leader. This shift aligns with the broader trend of investors rotating into next-generation computing plays Forget Saylor's MSTR — Bitfarms' AI Power Play Has Wall Street Talking $12 Next^[3]. The move also positions Bitfarms to deliver state-of-the-art digital infrastructure for prospective clients, capitalizing on Pennsylvania's robust energy and fiber infrastructure Bitfarms Converts $300M Macquarie Debt Facility to Fund Panther Creek HPC/AI Campus^[2].