Bitfarms Exits Latin America in $30M Sale, Pivots to AI [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
The company announced the deal on January 2, identifying the buyer as the Sympatheia Power Fund (SPF), a crypto infrastructure fund managed by Singapore-based Hawksburn Capital. Shares of Bitfarms (BITF) rose over 4% in pre-market trading to $2.44 following the news. The deal rebalances the company's energy portfolio to be 100% North American. The transaction structure includes $9 million in cash at closing, expected in the first quarter of 2026, and up to $21 million in milestone-based payments over the subsequent 10 months. This sale is the final step in Bitfarms' strategic shift away from the region to focus on High-Performance Computing (HPC) and AI infrastructure in the United States and Canada. “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/AI energy infrastructure in 2026, where we believe we will be able to generate much stronger returns,” CEO Ben Gagnon state
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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