cryptomining

after agreeing to sell its mining site in Paso Pe Paraguay. This move marks the end of the company operations in the region. The sale is part of a wider plan to focus on future growth in North America.
Bitfarms announced that it will sell the Paso Pe site to Sympatheia Power Fund. The fund is managed by Hawksburn Capital which is based in Singapore. The total value of the deal can reach up to thirty million dollars. The company will receive nine million dollars at the start. The remaining amount of up to twenty one million dollars will be paid over the next ten months if certain payment goals are met.
The deal is still waiting for standard closing steps to be completed. Bitfarms expects the transaction to close within the next sixty days. Once finished the company will fully exit its mining presence in Latin America.
Bitfarms chief executive Ben Gagnon said the sale allows the company to unlock future cash sooner than expected. He explained that the deal brings forward two to three years of planned cash flow. This money will now be used to support new energy projects in North America starting in twenty twenty six.
The company plans to invest this capital into high performance computing and artificial intelligence infrastructure. Bitfarms believes these areas can offer stronger returns compared to traditional bitcoin mining in the region it is leaving. Management sees long term value in using energy assets for computing services that go beyond mining alone.
This sale follows another major move made by Bitfarms last year. The company previously sold its Yguazu site in Paraguay to another bitcoin mining firm. That deal already signaled a gradual exit from the country. The Paso Pe sale now completes that strategy.
Bitfarms has been reshaping its business as the bitcoin mining industry changes. Rising costs and tougher conditions have pushed miners to rethink where and how they operate. For Bitfarms shifting toward North America and advanced computing is seen as a way to stay competitive.
Investors reacted positively to the news. Bitfarms shares rose around four percent in early trading after the announcement. The share price moved to about two dollars and forty five cents. This rise also came as the price of bitcoin moved closer to ninety thousand dollars.
The company believes this decision strengthens its balance sheet and improves future planning. By selling the Paraguay site Bitfarms reduces risk and gains flexibility. The focus now turns to building energy backed computing systems that can serve new markets.
With this move Bitfarms closes one chapter and opens another. The company is betting that advanced computing and North American energy projects will shape its next phase of growth.
#Bitcoin
#Bitfarms
#CryptoMining
#Blockchain
#DigitalAssets

Turkmenistán, široce známý jako klíčový vývozce zemního plynu ve střední Asii, se nyní profiluje jako nově vznikající hráč ve světě kryptoměn. Dne 1. ledna 2026 země oficiálně zavedla nový zákon o virtuálních aktivech, který legalizuje jak obchodování, tak těžbu kryptoměn. Tento krok představuje významný posun v finančním ekosystému Turkmenistánu.

Zákon, který mění hru
V listopadu 2025 prezident Serdar Berdimuhamedov podepsal „Zákon Turkmenistánu o virtuálních aktivech.“ Tato legislativa zavádí přísný a strukturovaný rámec pro krypto burzy, pečovatele a těžaře. Všechny subjekty působící v krypto prostoru nyní musí získat licenci a podléhají dohledu kabinetu ministrů a ministerstva financí a ekonomiky.