Bitcoin mining company Bitfarms sold its Paso Pe mining farm for $30 million, officially exiting the Latin American market.

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According to a report by TechFlow on January 2nd, Nasdaq-listed Bitcoin mining company Bitfarms announced that it has signed a definitive purchase agreement with Sympatheia Power Fund (SPF), a crypto infrastructure fund managed by Singapore-based Hawksburn Capital, to sell its Paso Pe mining farm for $30 million (with an expected $9 million in cash in the first quarter of this year and the remaining $21 million within 10 months after closing). This transaction marks Bitfarms' official exit from the Latin American market.

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