Bitfarms Sells 70 MW Paraguay Mine for up to $30M, Exits Latin America to Reinvest in North America

Bitfarms Ltd. has agreed to sell its 70 MW Paso Pe Bitcoin mining facility in Paraguay to Sympatheia Power Fund (managed by Hawksburn Capital) for up to $30 million. The buyer acquires the subsidiary that owns Paso Pe. Payment terms call for $9 million in cash at closing (including a $1 million non‑refundable deposit already paid) plus up to $21 million in milestone‑linked payments expected over roughly 10 months. The transaction is subject to customary conditions and is expected to close in about 60 days. Bitfarms’ CEO said the sale accelerates two to three years of anticipated free cash flow, which the company plans to redeploy into North American digital infrastructure — with increased focus on high‑performance computing (HPC), AI energy infrastructure and crypto data centers — and thereby completes its exit from Latin America. Following the deal Bitfarms reports a portfolio of 341 MW energized capacity, 430 MW under active development (all in the U.S.), and a 2.1 GW multi‑year pipeline across North America (about 90% in the U.S.). Sympatheia says it will maintain uninterrupted operations at Paso Pe and pursue regional expansion in crypto infrastructure. Markets reacted positively with Bitfarms’ shares rising on the news. This move reflects a broader industry trend of miners divesting overseas assets, improving liquidity and reallocating capital toward U.S./Canadian operations and AI/compute‑linked projects.