Bitfarms

Bitfarms has signed a fully funded, binding agreement of US$ 128 million with a large publicly traded American multinational provider of critical infrastructure and services for data centers. Under the terms of the agreement, the partner will supply all critical IT equipment and building materials for 18 MW of gross capacity.

In October 2025, the Company entered into an Electricity Supply Agreement ("ESA") with PPL Electric Utilities Corporation ("PPL") to secure an additional 350 MW of secured contracted growth capacity at the Company's Panther Creek location, with 50 MW to be delivered by the end of 2026, and 300 MW by the end of 2027.

In October 2025, the Company converted its Credit Facility with Macquarie as described in Note 18 to an up to $300,000 project-specific financing facility for the development of its data center campus in Panther Creek, Pennsylvania, United States. The Company drew an additional $50,000 from the converted facility, for a total of $100,000 drawn and issued an additional 2,197,127 warrants with a strike price of $5.69 and a term of 5 years.

In November 2025, the Company entered into a purchase commitment of $128,742, payable over the next 12 months, for the development and expansion of HPC/AI infrastructure projects with a large publicly traded American multinational provider of critical infrastructure and services for data centers. ... to the construction of a fully integrated 18 MW hybrid-built data center in Washington State, United States.

On October 10, 2025, Bitfarms Ltd. ... entered into Amendment No. 1 to the Loan and Security Agreement ... with Macquarie Equipment Capital, Inc. ... The Amendment modified the terms of the Company's previously-announced private debt facility ... for up to $300 million with Macquarie to, among other things, limit the borrowers and guarantors under the Loan Agreement to certain subsidiaries of the Company holding project-specific assets ... The aggregate principal amount of $300 million in funding under the Facility is intended to fund the development of the data center project at Panther Creek.

In April 2025, the Company entered into an agreement for a credit facility up to $300.0 million from Macquarie for HPC development and drew down the initial tranche of $50.0 million. ... The second tranche of the credit facility will allow the Company to draw up to an additional $250.0 million and will be drawable as the Company achieves specific development milestones at its Panther Creek location.

Confirmed expanded Panther Creek energy capacity of 50 MW in 2026 and 300 MW as early as 2027 based on electricity service agreements from PPL Electric.