Bitfarms Ltd. (BITF) Rebalances Energy Portfolio to Focus on North America After Latin America Exit [Yahoo! Finance Canada]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance Canada
The announcement follows the sale of the company's 70 MW site in Paso Pe, Paraguay, to the Sympatheia Power Fund (SPF). The operating site is valued at $30 million, and Bitfarms is poised to receive $9 million in cash upon closing the transaction in the first quarter. Additionally, it is entitled to $21 million over 10 months, subject to certain payment milestones. The sale is poised to bring forward an estimated 2 to 3 years of free cash flow from operations. It also paves the way for the company to reinvest in its North American HPC/AI energy infrastructure in 2026, where it expects to generate much more substantial returns. “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,” CEO Gagnon said. Bitfarms Ltd. (NASDAQ:BITF) is a North American energy and digital infrastructure company that develops, owns, and operates larg
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BITF
News
- Analysts Give Mixed Opinions on Bitfarms (BITF) Ratings [Yahoo! Finance Canada]Yahoo! Finance Canada
- Bitfarms shares surge after it ditches its 'bitcoin company' identity and doubles down on AI with U.S. move [Yahoo! Finance Canada]Yahoo! Finance Canada
- Bitfarms shares surge after it ditches its 'bitcoin company' identity and doubles down on AI with U.S. move [Yahoo! Finance]Yahoo! Finance
- Analysts Give Mixed Opinions on Bitfarms (BITF) Ratings [Yahoo! Finance]Yahoo! Finance
- Bitfarms Plans to Redomicile to the U.S. from Canada [Yahoo! Finance]Yahoo! Finance
BITF
Sec Filings
- 2/6/26 - Form 6-K
- 2/6/26 - Form 6-K
- 1/14/26 - Form 6-K
- BITF's page on the SEC website