Bitfarms Announces Complete Exit from Latam with Sale of its Paso Pe Site for up to $30M [Canadian Business Journal (Canada)]
Bitfarms Ltd. (BITF)
Company Research
Source: Canadian Business Journal
-Rebalances energy assets portfolio to 100% North American-TORONTO, Ontario and NEW YORK, Jan. 02, 2026 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a North American energy and digital infrastructure company, today announced that it has entered into a definitive share purchase agreement (“SPA”) to sell its 70 MW site in Paso Pe, Paraguay to the Sympatheia Power Fund (SPF), a crypto infrastructure fund managed by Singapore-based Hawksburn Capital. The transaction is expected to close within 60 days of this release and completes Bitfarms’ exit from Latin America. The closing of the transaction is subject to the satisfaction or waiver of customary closing conditions.Bitfarms CEO Ben Gagnon stated, “I’m pleased to announce the strategic sale of our Paso Pe site and decisive rebalancing of our energy portfolio to 100% North American. This transaction brings forward an estimated two to three years of anticipated free cash flows from operations to be reinvested into our North America
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BITF
Sec Filings
- 1/14/26 - Form 6-K
- 1/7/26 - Form 6-K
- 1/2/26 - Form 6-K
- BITF's page on the SEC website