Bitfarms (NASDAQ:BITF) entered into a $32M equipment financing agreement which enables the company to finance equipment from its established mining operations for investing growth capital into miner purchases and new farms under construction. Under agreement terms, the company entered into an equipment loan for the recent purchase of, and is secured by, 6,100 Bitmain S19j Pros for $32M; loan carries a 2-year term and an interest rate of 14.5%. Shares trade 2.1% down premarket.
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