TSX:BITFSoftware
Bitfarms (TSX:BITF) Is Down 8.3% After Latin America Exit And AI-Focused Pivot - What's Changed
Bitfarms Ltd. recently appointed Edie Hofmeister as Chair of the Board and agreed to sell its 70 MW Bitcoin mining site in Paso Pe, Paraguay to Sympatheia Power Fund for US$9,000,000 in cash at closing plus up to US$21,000,000 in milestone payments, marking a full exit from Latin America and reinforcing its move toward a U.S. domicile.
The combination of leadership change and redeployment of accelerated cash flows toward North American high-performance computing and AI infrastructure signals...