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Filling and adding missing Quotes; Bitfarms and Macquarie story

Pet3rPan

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Bitfarms must maintain minimum liquidity levels and comply with customary loan covenants under the agreement
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Name
Name
Bitfarms must maintain minimum liquidity levels and comply with customary loan covenants under the agreement
Types
Types
Claim
The first tranche of the loan is $50 million, with the rest available if the company “achieves specific development milestones.”
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Name
Name
The first tranche of the loan is $50 million, with the rest available if the company “achieves specific development milestones.”
Authors
Authors
Denis Omelchenko
Related projects
Related projects
BitfarmsMacquarie Group
Types
Types
Quote
Bitfarms has drawn an initial $50 million tranche at the parent level to fund early-stage development and corporate costs
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Quotes that support claims
Quotes that support claims
The first tranche of the loan is $50 million, with the rest available if the company “achieves specific development milestones.”An initial $50 million tranche has been drawn at the parent level to cover development soft costs and general corporate purposes.
Related projects
Related projects
Macquarie GroupBitfarms
The Macquarie debt facility transitions from a parent-level loan to a project-level structure upon achieving development milestones, securing the full funding against the Panther Creek site
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Name
Name
The Macquarie debt facility transitions from a parent-level loan to a project-level structure upon achieving development milestones, securing the full funding against the Panther Creek site
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Types
Claim
Macquarie received equity warrants from Bitfarms, linked to future draws and priced at a 25% premium to recent trading averages
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Name
Name
Macquarie received equity warrants from Bitfarms, linked to future draws and priced at a 25% premium to recent trading averages
Types
Types
Claim
Macquarie’s loan to Bitfarms is structured in tranches, each has a two-year maturity and an 8% annual interest rate, with the initial interest paid in kind for three months
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Name
Name
Macquarie’s loan to Bitfarms is structured in tranches, each has a two-year maturity and an 8% annual interest rate, with the initial interest paid in kind for three months
Types
Types
Claim
Bitfarms has drawn an initial $50 million tranche at the parent level to fund early-stage development and corporate costs
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Name
Name
Bitfarms has drawn an initial $50 million tranche at the parent level to fund early-stage development and corporate costs
Types
Types
Claim
Bitfarms plans to build out up to 500 megawatts of high-performance computing infrastructure at the Panther Creek site
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Name
Name
Bitfarms plans to build out up to 500 megawatts of high-performance computing infrastructure at the Panther Creek site
Types
Types
Claim
Bitfarms recently completed an all-stock merger with Stronghold Digital Mining, issuing shares and warrants and delisting Stronghold from Nasdaq
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Name
Name
Bitfarms recently completed an all-stock merger with Stronghold Digital Mining, issuing shares and warrants and delisting Stronghold from Nasdaq
Types
Types
Claim
Ben Gagnon, the CEO of Bitfarms, highlighted Panther Creek’s strategic location near major US metro areas and access to multiple power sources as key advantages
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Name
Name
Ben Gagnon, the CEO of Bitfarms, highlighted Panther Creek’s strategic location near major US metro areas and access to multiple power sources as key advantages
Types
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Claim
The Macquarie-backed loan will support Bitfarms' transition toward AI and high-performance computing infrastructure, which Ben Gagnon, Bitfarm CEO, described as arriving at a pivotal time amid rising infrastructure demand
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Name
Name
The Macquarie-backed loan will support Bitfarms' transition toward AI and high-performance computing infrastructure, which Ben Gagnon, Bitfarm CEO, described as arriving at a pivotal time amid rising infrastructure demand
Types
Types
Claim
An initial $50 million tranche has been drawn at the parent level to cover development soft costs and general corporate purposes.
Current version
Proposed edits
Name
Name
An initial $50 million tranche has been drawn at the parent level to cover development soft costs and general corporate purposes.
Types
Types
Quote
Related projects
Related projects
Macquarie GroupBitfarms
Authors
Authors
James Van Straten
The Macquarie-backed loan will support Bitfarms' transition toward AI and high-performance computing infrastructure, which Ben Gagnon, Bitfarm CEO, described as arriving at a pivotal time amid rising infrastructure demand
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Related projects
Related projects
Macquarie GroupBitfarms
Related people
Related people
Ben Gagnon
Bitfarms secures $300m Macquarie loan to fund AI and HPC expansion
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