US EditionBitfarms Announces Complete Exit from Latam with Sale of its Paso Pe Site for up to $30M - Bitfarms (NASDAQ:BITF)
Bitfarms will receive up to $30 million to exit Latin America and reinvest proceeds into North American high-performance computing and artificial intelligence energy assets.
- Bitfarms Ltd. signed a definitive SPA on Jan. 02, 2026 to sell its 70 MW Paso Pe site in Paraguay to Sympatheia Power Fund managed by Hawksburn Capital, exiting Latin America.
- To rebalance its energy portfolio to 100% North American, Bitfarms said it will reinvest proceeds into North American HPC/AI infrastructure in 2026 to sharpen management and capital focus.
- Under the SPA, the buyer acquires the single-purpose subsidiary holding the Paso Pe operating assets, with $9 million at closing including a $1 million non-refundable deposit and up to $21 million milestone payments.
- The sale improves liquidity profile and accelerates monetization, with Bitfarms shares rising 4.25% premarket and a portfolio including 341 MW energized, 430 MW under development, and a 2.1 GW pipeline.
- As the buyer expands regionally, Sympatheia Power Fund , managed by Singapore-based Hawksburn Capital, said the acquisition supports growth and continuity, with closing subject to customary conditions and forward-looking statements.
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The Manila Times
Green Stock NewsBitfarms Announces Complete Exit from Latam with Sale of its Paso Pe Site for up to $30M
Rebalances energy assets portfolio to 100% North American
Bitfarms Announces Complete Exit from Latam with Sale of its Paso Pe Site for up to $30M - Bitfarms (NASDAQ:BITF)
Rebalances energy assets portfolio to 100% North American--Bitfarms to reinvest capital in North American HPC/AI energy infrastructure- TORONTO, Ontario and NEW YORK, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX:BITF), a North American energy and digital infrastructure company, today announced that it has entered into a definitive share purchase agreement ("SPA") to sell its 70 MW site in Paso Pe, Paraguay to the Sympatheia Power …
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