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Benzinga
Benzinga
Business
Chandrima Sanyal

Bitfarms' $300M AI Pivot Sparks ETF Rethink: Can Blockchain Funds Handle The AI Boom?

Blockchain

Bitfarms Ltd. (NASDAQ:BITF) is now causing ripples both in the blockchain and AI sectors.

Following a 500% surge in five weeks, the firm refinanced a debt facility with Macquarie Group into $300 million project financing for its Panther Creek data center in Pennsylvania, marking a strategic shift from crypto mining to high-performance computing (HPC) and AI infrastructure.

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