TSX:BITFSoftware
Bitfarms (TSX:BITF) Is Up 5.6% After Selling Paraguay Site To Fund North American AI Pivot
Bitfarms has entered into a definitive agreement to sell its 70 MW Paso Pe Bitcoin mining site in Paraguay for up to US$30 million, receiving US$9 million at closing and potentially US$21 million over the following 10 months, completing its exit from Latin America as of early 2026.
This divestment frees up capital and shifts Bitfarms’ energy portfolio to be entirely North American, underpinning its move toward high-performance computing and AI-focused infrastructure projects.
We’ll now...