🚀 Bitfarms Exits South America to Fuel North American AI & HPC
By
@MrJangKen • ID: 766881381
Bitfarms (BITF) is officially 100% focused on North America. The company just announced the sale of its 70 MW Paso Pe mine in Paraguay for up to $30M.
💰 The Deal:
🔹Buyer: Sympatheia Power Fund (Hawksburn Capital).
🔹Price: $9M upfront + $21M in milestone payments.
🔹Timeline: Closing within ~60 days; milestone payments spread over 10 months.
🎯 The Strategy: AI & HPC
CEO Ben Gagnon says the move pulls forward 2–3 years of cash flow to accelerate Bitfarms' pivot into High-Performance Computing (HPC) and AI infrastructure across the U.S. and Canada in 2026.
📉 Industry Shift:
As Bitcoin mining margins tighten post-halving, major players are offloading international assets to double down on the massive energy demand for North American data centers and AI workloads.
#Bitfarms #BITF #BitcoinMining #AIInfrastructure #HPC