Bitfarms Completes Latin America Exit by Selling Paraguay Facility for Up to $30 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- 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.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
