Bitfarms Ltd. (NASDAQ:BITF) is included in our list of the 12 most promising blockchain and crypto mining stocks according to hedge funds.Bitfarms (BITF) to Fund Panther Creek Campus By Converting $300 Million Private Debt Facility

On October 10, 2025, Bitfarms Ltd. (NASDAQ:BITF) announced the conversion of its $300 million private debt facility with Macquarie Group into project-level financing. The company made this move to fund its 350 MW Panther Creek campus in Pennsylvania.

Furthermore, Bitfarms Ltd. (NASDAQ:BITF) made an immediate $50 million drawdown to advance equipment purchases and site construction. The groundbreaking is scheduled for Q4 2025.

Following momentum from these developments, Northland increased its price target on Bitfarms Ltd. (NASDAQ:BITF) from $3.25 to $7.00 on October 13, 2025, while maintaining an “Outperform” rating. Citing the company’s 1.3 GW development pipeline, the investment firm called the stock “an underappreciated way to gain exposure to the next wave of U.S. AI/HPC infrastructure buildout.”

With a focus on blockchain validation and computation power services, Bitfarms Ltd. (NASDAQ:BITF) operates integrated Bitcoin mining and digital infrastructure data centers across Canada, the U.S., Paraguay, and Argentina.

While we acknowledge the potential of BITF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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