Bitfarms to Exit Latin America Selling 70 MW Paraguay Mining Site for Up to $30M [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
The company said it has entered into a definitive share purchase agreement with Sympatheia Power Fund which is managed by Singapore-based Hawksburn Capital. The transaction is expected to close within 60 days subject to customary closing conditions. Bitfarms CEO Ben Gagnon said the sale represents a decisive rebalancing of the company's energy portfolio toward North America allowing capital to be redeployed into higher-return opportunities. “This transaction brings forward an estimated two to three years of anticipated free cash flows from operations to be reinvested into our North American HPC and AI energy infrastructure in 2026,” Gagnon said in a press release. He adds that the sale of the Paso Pe site marks the culmination of a broader effort to exit Latin America and refocus the company's management capital and operational priorities on North American power and infrastructure. Bitfarms said it has increasingly positioned itself as an energy and digital infrastructure c
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- 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