Bitfarms Exits Paraguay for $30M, Refocuses on North American Infrastructure
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- Strategic Shift: Bitfarms has finalized the sale of its 70-megawatt Paso Pe site in Paraguay for a total potential value of $30 million, marking a strategic pivot towards North American power infrastructure to meet the demands of artificial intelligence and high-performance computing.
- Capital Redeployment: The transaction is expected to yield $9 million in cash at closing, including a $1 million non-refundable deposit, with up to $21 million in milestone payments over 10 months, thereby accelerating projected free cash flow by 2-3 years.
- Market Concentration: Following the sale, Bitfarms will concentrate its entire energy portfolio in North America, currently operating 341 megawatts with an additional 430 megawatts under development, reflecting strong confidence in domestic energy markets.
- Enhanced Flexibility: The company plans to convert existing mining facilities to support AI-focused data centers, leveraging established power connections to adapt to shifting market demands, thus improving asset utilization and long-term revenue stability.
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.
