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- Bitfarms sells the final Paraguay site for up to $30M, completing its Latin America exit.
- Deal shifts Bitfarms’ entire energy portfolio and reinvestment plans to North America.
- The company accelerates cash flow to fund HPC and AI-focused infrastructure in 2026.
Bitfarms has agreed to sell its Bitcoin mining operation in Paraguay, completing its exit from Latin America. The transaction is valued at up to $30 million. The move marks a strategic shift as the company concentrates its energy assets and future investments entirely in North America.
The company disclosed the agreement on January 2. The buyer is the Sympatheia Power Fund, a crypto infrastructure investment vehicle managed by Hawksburn Capital. Following the announcement, Bitfarms shares rose more than 4% in pre-market trading, reaching $2.44.
The asset being sold is the 70-megawatt Paso Pe mining site. The sale structure includes $9 million in cash at closing. The closing is expected to take place in the first quarter of 2026.
The remaining value of the deal depends on future milestones. Bitfarms may receive up to $21 million in additional payments. These payments are scheduled over a ten-month period after the transaction closes.
Bitfarms Finalizes Latin America Exit
With this sale, Bitfarms will no longer operate assets in Latin America. The company said the transaction completes its planned regional exit. Its energy portfolio will now be fully concentrated in the United States and Canada.
Management linked the decision to capital allocation priorities. The company plans to reinvest the proceeds into North American energy infrastructure. These investments are focused on high-performance computing and artificial intelligence workloads.
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Chief executive Ben Gagnon said the transaction accelerates access to cash flows. He stated that the sale brings forward an estimated two to three years of operating free cash flow. The funds are expected to be redeployed during 2026.
This announcement comes after financial pressure was revealed earlier in the year. However, Bitfarms announced a net loss of $46 million in three quarters of 2025. The company also made plans at the time to cease Bitcoin mining operations within a gradual process by 2026 and 2027.
Shift Toward Data Centers Accelerates Bitfarms’ Transition
Following the divestment, Bitfarms will have 341 megawatts of energized capacity. The company also has an available pipeline of 2.1 gigawatts of development. Approximately 90 percent of that pipeline is in the US.
This sale is after an earlier deal in Paraguay. In January 2025, Bitfarms sold a 200 kW mining plant to HiveDigital at a price of $85 million. While that transaction was the beginning of its exit from the region.
This recent development is indicative of the overall transformations in the mining industry. However, Bitcoin miners are focusing more on data center and energy infrastructure assets. These assets may be used to mine digital assets as well as compute-intensive workloads. The sale of Bitfarms highlights the rate of such a transition.
Also Read: Bitfarms Exits Latin America as $30m Deal Fuels Bold AI Power Pivot
