Wu said that Bitfarms announced it has signed a definitive agreement to sell its 70 MW Bitcoin mining farm in Paso Pe, Paraguay, to the Sympatheia Power Fund managed by Hawksburn Capital in Singapore for up to $30 million. The transaction is expected to be completed within 60 days. After the deal is finalized, Bitfarms will fully exit the Latin American market, and its energy asset portfolio will be adjusted to 100% North America, with plans to reinvest the proceeds from the sale into North American HPC/AI energy and computing infrastructure.
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Wu said that Bitfarms announced it has signed a definitive agreement to sell its 70 MW Bitcoin mining farm in Paso Pe, Paraguay, to the Sympatheia Power Fund managed by Hawksburn Capital in Singapore for up to $30 million. The transaction is expected to be completed within 60 days. After the deal is finalized, Bitfarms will fully exit the Latin American market, and its energy asset portfolio will be adjusted to 100% North America, with plans to reinvest the proceeds from the sale into North American HPC/AI energy and computing infrastructure.