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

Turkmenistan, widely known as Central Asia’s key exporter of natural gas, is now positioning itself as an emerging player in the cryptocurrency world. On January 1, 2026, the country officially implemented a new law on virtual assets that legalizes both the trading and mining of cryptocurrencies. This move marks a significant shift in Turkmenistan’s financial ecosystem.

A Game-Changing Law
In November 2025, President Serdar Berdimuhamedov signed the “Law of Turkmenistan on Virtual Assets.” This legislation introduces a strict and structured framework for crypto exchanges, custodians, and miners. All entities operating in the crypto space must now obtain a license and are subject to oversight by the Cabinet of Ministers and the Ministry of Finance and Economy.
🔹 Only licensed entities may issue, process, or trade digital assets

🔹 Regular supervision aims to protect consumers and curb illicit activities

🔹 Regulators hold authority to suspend or revoke licenses for non-compliance
The law seeks to promote technological innovation while ensuring the safety of Turkmen citizens and the integrity of financial operations.

Is Turkmenistan Opening Up to Crypto?
This legal move represents a dramatic shift from Turkmenistan’s previous stance on digital technologies. The country has long been known for tight governmental control, a closed economy, and limited internet access. Legalizing crypto signals a new direction aimed at modernizing the economy and expanding beyond fossil fuels.
Globally, Turkmenistan isn’t alone. Pakistan, for instance, has shown interest in launching state-supported Bitcoin mining. However, its proposal was rejected by the IMF due to plans to use subsidized electricity. Turkmenistan, on the other hand, seems committed to moving forward, with or without Western support.

Crypto Under Watchful Eyes
Despite the massive potential, some experts remain cautious. Turkmenistan has one of the world’s strictest internet censorship regimes, and crypto mining and trading could still be subject to heavy monitoring and restrictions. The legalization may therefore be more of a controlled digital expansion rather than full liberalization.
Regardless of the motive, Turkmenistan has now firmly joined the list of nations taking a proactive stance in the crypto revolution.

#CryptoRegulation , #cryptotrading , #CryptoMining , #blockchain , #DigitalAssets

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