Bitcoin miner Bitfarms exits Latin America with $30m sale to focus on AI [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
The Toronto-based firm said Friday that it had entered into a definitive share purchase agreement to sell its 70 MW site in Paso Pe, Paraguay to crypto infrastructure company Sympatheia Power Fund, managed by Singapore-based Hawksburn Capital, for up to $30 million. Bitfarms will now turn to providing resources to artificial intelligence and high-powered computing using North American energy, the firm's CEO said. “The sale of Paso Pe is the culmination of a series of transactions to completely exit Latam, and refocus the company, its management team and capital on 100% North American power and infrastructure for HPC/AI,” Bitfarms CEO Ben Gagnon said in a statement. The company said it will receive $9 million upfront and up to $21 million over the subsequent 10 months based on certain payment milestones. The deal is expected to close within 60 days, Bitfarms added. DL News reached out to Bitfarms for comment. Toronto Stock Exchange-listed Bitfarms shares (BITF) closed Friday
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BITF
News
- Bitfarms Announces Board Chair Transition in Anticipation of U.S. RedomiciliationGlobeNewswire
- Does Bitfarms (TSX:BITF) Still Merely Mirror Bitcoin or Is Its Strategy Starting to Diverge? [Yahoo! Finance]Yahoo! Finance
- 1 Stock I'd Buy Before NNE [Yahoo! Finance]Yahoo! Finance
- Bitfarms to Present at Needham Growth Conference in NYCGlobeNewswire
- Assessing Bitfarms (TSX:BITF) Valuation As Crypto Miner Shifts Toward HPC And AI Data Centers [Yahoo! Finance Canada]Yahoo! Finance Canada
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