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Bitfarms to sell Paso Pe bitcoin mine for $30M as firm quits Paraguay
Yahoo Finance· 2026-01-02 19:15
Bitfarms (NASDAQ: BITF) is selling its 70 MW bitcoin mine in Paso Pe, Paraguay, according to a company press release. The bitcoin miner-turned AI infrastructure firm has entered into a purchase agreement with Sympatheia Power Funds for a total pay out of up to $30 million for the site. Per the deal’s terms, Sympatheia Power Funds will buyout all shares of the Bitfarms’ subsidiary that holds Bitfarms’ bitcoin mining assets in Paso Pe. This entails a $9 million payment upon the deal’s projected close in Q1 ...