Bitfarms, a renowned Bitcoin mining and digital infrastructure provider, has announced its complete exclusion of Latin America. In this respect, by selling the 70 MW Paso Pe Bitcoin mining site, the platform is exiting the Latin American region. As per Bitfarms’ official announcement, the platform is quitting Latin America while endeavoring to rebalance its current energy portfolio. This will let it give 100% attention to North American operations.

Bitfarms Announces Sale of Paso Pe Site to Exit Latin America and Focus on North American Infrastructure

To exit Latin America, Bitfarms is selling the Paraguay-based 70 MW Paso Pe Bitcoin site to Sympatheia Power Fund (SPF) for $30M. With this, the platform attempts to focus on its mining operations in North America. In addition to this, Bitfarms has also shared its plan to reinvest the capital coming from this sale into high-performance computing (HPC) as well as AI energy infrastructure during 2026. This development aims to offer stronger returns on the capital investment.

Apart from that, Bitfarms latest sale also highlights its long-term efforts to focus mainly on the infrastructure and power for North American operations. The sale, under an absolute share purchase agreement, transfers the Paso Pe site of Bitfarms to SPF, which runs under Singapore-based Hawksburn Capital and deals with crypto fund management and infrastructure.

While discussing this, CEO Ben Gegnon mentioned that the sale bolsters cash flows within 2-3 years. This will enable capital reinvestment into HPC/AI initiatives in 2026. The executive asserted that the move underscores the culmination of several transfers to completely quit Latin America and shift focus to North America.

Strengthening Liquidity with New Sale to Begin New Era of Growth and Innovation

Hence, upon closing, Bitfarms will get $9M in the form of cash, including a $1M non-refundable deposit that has already been paid. Following that, the remaining $21M will be paid over the upcoming ten months in line with the payment milestones. In this respect, Josh Murchie, the SPF representative, assured the stakeholders that there will be a seamless transfer of operations at Paso Pe. Overall, while underscoring Bitfarms’ conclusion of the Latin American journey, also starts a new epoch of growth and innovation in digital infrastructure landscape.