Joerg Hiller
Jan 02, 2026 19:03
Bitfarms has introduced the sale of its Paso Pe web site in Paraguay for as much as $30 million, marking its full exit from Latin America to give attention to HPC/AI infrastructure in North America.
Bitfarms Ltd. (NASDAQ/TSX: BITF), a distinguished North American power and digital infrastructure firm, has introduced its strategic resolution to exit the Latin American market by promoting its 70 MW Paso Pe web site in Paraguay. This transfer is a part of Bitfarms’ broader technique to focus its efforts and sources on increasing its high-performance computing (HPC) and synthetic intelligence (AI) infrastructure in North America, based on GlobeNewswire.
Strategic Sale and Reinvestment
The sale settlement, which includes the Sympatheia Energy Fund (SPF), a Singapore-based crypto infrastructure fund managed by Hawksburn Capital, values the Paso Pe web site at as much as $30 million. Bitfarms is ready to obtain $9 million in money on the closing of the transaction, anticipated within the first quarter of 2026, alongside as much as $21 million over the next 10 months, contingent on sure milestones.
Bitfarms CEO Ben Gagnon expressed satisfaction with the sale, highlighting its function in rebalancing the corporate’s power portfolio to be 100% North American. “This transaction accelerates our plans to reinvest capital into our North American HPC/AI power infrastructure in 2026, the place we anticipate stronger returns,” Gagnon said.
Affect on Bitfarms’ Operations
With this sale, Bitfarms goals to reinforce its liquidity profile and expedite the monetization of its operations, which is able to now be concentrated completely in North America. The corporate’s up to date power portfolio will embody a 341 MW energized capability, 430 MW below energetic growth, and a 2.1 GW multi-year pipeline, predominantly primarily based in america.
The transition is anticipated to allow Bitfarms to focus extra on its core capabilities in digital infrastructure for HPC/AI, a sector the place the corporate expects to see vital development and profitability.
About Bitfarms and Sympatheia Energy Fund
Based in 2017, Bitfarms has established itself as a pacesetter in digital infrastructure, working state-of-the-art information facilities and power infrastructure for high-performance computing and Bitcoin mining throughout the Americas. The corporate is headquartered in New York, NY, and Toronto, ON, and is publicly traded on the Nasdaq and Toronto Inventory Change.
Sympatheia Energy Fund, the client of the Paso Pe web site, is concentrated on increasing its regional presence in Latin America. SPF consultant Josh Murchie emphasised the significance of a seamless transition, making certain operational continuity on the web site as SPF embarks on its subsequent part of development.
Picture supply: Shutterstock
