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Bitcoin mining company Bitfarms sells Paso Pe mine for $30 million, officially exits the Latin American market
Mars Finance News reports that, according to Globenewswire, Nasdaq-listed Bitcoin mining company Bitfarms announced it has signed a definitive purchase agreement with Sympatheia Power Fund, a crypto infrastructure fund managed by Hawksburn Capital in Singapore, to sell its Paso Pe mine for 30 million USD (expected to receive 9 million USD in cash in the first quarter of this year, with the remaining 21 million USD to be received within 10 months after closing). This transaction marks Bitfarms’ official exit from the Latin American market.