Bitfarms to sell Paso Pe bitcoin mine for $30M as firm quits Paraguay [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
The bitcoin miner-turned AI infrastructure firm has entered into a purchase agreement with Sympatheia Power Funds for a total pay out of up to $30 million for the site. Per the deal's terms, Sympatheia Power Funds will buyout all shares of the Bitfarms' subsidiary that holds Bitfarms' bitcoin mining assets in Paso Pe. This entails a $9 million payment upon the deal's projected close in Q1 2026, including a $1 million non-refundable deposit, plus as much as $21 million in payments over the 10 months following the close. Once finalized, the deal ensures Bitfarm's complete exit from Paraguay following the $85 million sale of its Yguazú, Paraguay bitcoin mine to Hive Digital (NASDAQ: HIVE) last year “I'm pleased to announce the strategic sale of our Paso Pe site and decisive rebalancing of our energy portfolio to 100% North American,” Bitfarms CEO Ben Gagnon said in a press release. “This transaction brings forward an estimated two to three years of anticipated free cash flows fr
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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