Bitfarms sells its Paraguayan mining farm for up to $30 million, completely exiting the Latin American market.

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Bitfarms has announced that it has signed a definitive agreement to sell its 70 MW Bitcoin mining farm in Paso Pe, Paraguay, to Sympatheia Power Fund, managed by Singapore-based Hawksburn Capital, for up to $30 million. The transaction is expected to close within 60 days. Upon completion of the transaction, Bitfarms will exit the Latin American market entirely, its energy asset portfolio will be 100% North American, and it plans to reinvest the proceeds in North American HPC/AI energy and computing infrastructure.

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