Bitfarms Sells Paraguayan Site, Exits Latin America
- Bitfarms has entered into a purchase agreement with the Sympatheia Power Fund (SPF) to sell its Paso Pe mining site in Paraguay.
- This sale marks Bitfarms’ complete exit from Latin America.
- The company is reconfiguring to utilize 100% North American power for its operations.
Bitfarms’ sale of the Paso Pe site to SPF signifies its strategic shift towards using exclusively North American power sources. This move concludes their operations in Latin America, aligning with their new operational focus.
By selling the Paraguayan mining site, Bitfarms completes its transition away from Latin America and aims to consolidate its energy resources in North America for enhanced efficiency and sustainability. (Source)
