Bitfarms Exits Latin America by Selling Paraguay Mining Facility for $30 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- Strategic Shift: Bitfarms has sold its 70 MW Bitcoin mining facility in Paraguay for $30 million, marking a complete exit from Latin America and redirecting capital towards high-performance computing and AI, aiming for more stable revenue streams.
- Market Dynamics: This transaction reflects a broader trend among cryptocurrency miners to diversify their business models in response to post-halving economic pressures and global energy market volatility, enhancing operational efficiency and profitability.
- Infrastructure Advantage: Bitfarms plans to leverage its expertise in electrical and thermal management to quickly transition existing facilities in the U.S. and Canada to meet the surging demand for AI compute, thereby strengthening its market competitiveness.
- Future Outlook: By executing this sale, Bitfarms not only optimizes its geographical footprint but also lays the groundwork for future high-value markets, with AI infrastructure demand projected to grow exponentially over the next decade.
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.
