Bitfarms sells Paraguay mining facility, exits Latin America

Nasdaq-listed Bitcoin miner Bitfarms (BITF) has announced the sale of its 70 MW facility in Paso Pe, Paraguay, to Sympatheia Power Fund for $30 million, according to GlobeNewswire. The sale marks the company's complete withdrawal from mining operations in Latin America. Bitfarms plans to reinvest the proceeds into developing high-performance computing (HPC) and artificial intelligence (AI)-based energy infrastructure.