Bitfarms Completes Latin America Exit by Selling Paraguay Facility for Up to $30 Million
- Strategic Shift: Bitfarms has agreed to sell its Paso Pe facility in Paraguay for up to $30 million, expecting to receive $9 million in cash at closing in Q1 2026 and up to $21 million in additional payments over the next 10 months, marking a decisive pivot towards North American high-performance computing and AI infrastructure.
- Positive Market Reaction: Following the announcement, Bitfarms shares (BITF) surged over 10%, indicating investor optimism that the company's sharper geographic and strategic focus could enhance capital efficiency and earnings potential.
- Complete Exit from Latin America: This transaction finalizes Bitfarms' exit from Latin America, following the 2025 sale of its Yguazú site, allowing the company to concentrate its investments entirely in North America, where demand for AI data centers is rapidly increasing.
- Future Growth Plans: Post-sale, Bitfarms will have 341 MW of operational capacity and a 2.1-gigawatt development pipeline, aiming to leverage diversified revenue streams from both Bitcoin mining and compute-intensive AI applications to drive its next growth phase.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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