24/7 Market News Snapshot 10 October, 2025 – Bitfarms Ltd. Common Stock (NASDAQ:BITF)

October 10, 2025

DENVER, Colo., 10 October, 2025 (www.247marketnews.com) – (NASDAQ:BITF) are discussed in this article.
Bitfarms Ltd. has demonstrated a significant resurgence, with its shares opening at $4.40 and trading at $4.975, reflecting a remarkable increase of 19.30% from the last close of $4.17. This surge is underpinned by a robust trading volume of 59.16 million shares, indicating heightened investor interest and engagement, likely spurred by favorable market dynamics or positive company developments. Market analysts suggest monitoring key technical indicators, including moving averages, to assess potential support and resistance levels, particularly around the $5.00 threshold.

In conjunction with this market performance, Bitfarms has unveiled a major development initiative involving the transformation of its private debt facility into a dedicated project financing initiative valued at $300 million. This strategic move is pivotal for advancing the Panther Creek data center campus, which is aimed at driving developments in high-performance computing (HPC) and artificial intelligence (AI) within the digital infrastructure sector.

Following the completion of financing arrangements with Macquarie Group, Bitfarms is set to deploy an additional $50 million from this facility, with the total drawdown reaching $100 million. This capital infusion will accelerate crucial civil works and substation construction, expected to commence in the fourth quarter of 2025.

CEO Ben Gagnon expressed optimism regarding the initiative, noting that the transition to project-specific financing will enhance equipment order timelines and construction processes. Macquarie Group’s Managing Director, Joshua Stevens, emphasized the strategic nature of their partnership, highlighting its importance in establishing a cutting-edge HPC/AI campus.

As demand for advanced digital infrastructure surges, Bitfarms is positioning itself as a leader in this rapidly evolving market, demonstrating a commitment to innovation and operational excellence while laying the groundwork for significant future growth.

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