
According to Bitfarms, the sale of its 70MW Paso Pe mine in Paraguay completes its exit from Latin America and sharpens its focus on expanding North American capacity for AI and high-performance computing projects.
Bitfarms announced an official agreement to sell its 70MW Paso Pe mining facility in Paraguay to Sympatheia Power Fund for up to $30 million, including $9 million in cash at closing. The transaction completes Bitfarms’ exit from Latin America and allows the company to concentrate its operations in North America, where it reports 341MW of operational capacity and 430MW under construction, targeting Bitcoin mining as well as AI and high-performance computing projects.