Bitfarms Exits Paraguay for $30M, Refocuses on North American Infrastructure
- 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.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI 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, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0167 | 0.019 | 0.0211 | 0.0234 | 0.0255 | 0.0278 | 0.0299 |
| Fibonacci | 0.019 | 0.0207 | 0.0217 | 0.0234 | 0.0251 | 0.0261 | 0.0278 |
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