Bitfarms Sells Paraguay Site for $30M, Focuses on AI Infrastructure

Bitfarms is selling its 70-megawatt Paso Pe Bitcoin mining site in Paraguay for up to $30 million, marking its exit from Latin America.

The buyer is Sympatheia Power Fund, managed by Hawksburn Capital.
Bitfarms' shares rose over 4% to $2.44 following the announcement.
The sale includes $9 million in cash and up to $21 million in milestone payments.
This move aligns with Bitfarms' focus on High-Performance Computing (HPC) and AI infrastructure in North America.
The company reported a net loss of $46 million in Q3 2025 and plans to wind down Bitcoin mining operations through 2026 and 2027.
Bitfarms now has a 341 MW operational capacity and a 2.1 GW development pipeline, mainly in the U.S.

This strategic shift reflects a broader trend where Bitcoin miners rebrand as energy and digital infrastructure companies, focusing on AI and HPC sectors post-2024 Bitcoin halving. Operators are expected to sell non-core assets to fund this transition.