essential notes
- BitFarms has bought its 70MW Pasope mine in Paraguay for as much as $30 million.
- The sale marks the corporate’s full exit from Latin America.
- The customer was the Sympatheia Energy Fund, managed by Singapore-based Hawksburn Capital.
BitFarms is promoting its 70-megawatt Pasope Bitcoin mine in Paraguay for as much as $30 million, finishing its exit from Latin America.
of the company announced the deal On January 2nd, Sympatheia Energy Fund (SPF), a crypto infrastructure fund managed by Singapore-based Hawksburn Capital, recognized a purchaser.
On the information, BitFarms (BITF) inventory rose greater than 4% to $2.44 in pre-market buying and selling. The deal rebalances the corporate’s power portfolio to be 100% North American.
BitFarms finalizes withdrawal to strengthen North American power technique
The transaction construction contains $9 million in money at closing, anticipated within the first quarter of 2026, adopted by as much as $21 million in milestone-based funds over the following 10 months.
The sale is the ultimate step in BitFarms’ strategic shift away from the area and specializing in excessive efficiency computing (HPC) and AI infrastructure in the USA and Canada.
“We imagine this transaction will speed up free money move from our operations by an estimated two to 3 years, permitting us to reinvest in our North American HPC/AI power infrastructure and generate higher returns in 2026,” stated CEO Ben Gagnon.
The transfer comes after the corporate reported a web lack of $46 million within the third quarter of 2025, throughout which era the corporate additionally introduced plans to wind down its Bitcoin mining operations from 2026 to 2027.
With this sale, BitFarms’ working footprint can be concentrated in 341 MW of current-carrying capability and a pair of.1 GW of improvement pipeline, roughly 90% of which is situated in the USA.
This follows an earlier transfer in January 2025, when Bitfarms bought its 200MW Iguazu mining facility in Paraguay to Hive Digital for $85 million.
Transitioning from mining to digital infrastructure
This sale is much less about geographic choice and extra concerning the elementary axis of capital allocation.
Bitcoin miners are actively rebranding as power and digital infrastructure corporations. Core property comparable to energy buy agreements and information heart infrastructure have gotten more and more fungible between mining cryptocurrencies and servicing the profitable AI/HPC sector.
After the Bitcoin halving in 2024, which compresses mining profitability, operators like Bitfarms are leveraging their infrastructure to seize extra secure and predictable income from the insatiable demand for AI computing.
Different public miners are additionally anticipated to speed up related non-core asset gross sales to fund their transition to specialised information heart suppliers.
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Hamza is an skilled cryptocurrency editor/author with a deep understanding of blockchain expertise, cryptocurrency markets, and digital finance. He’s captivated with making advanced matters accessible and serving to readers navigate the quickly evolving world of cryptography.
