Overview
- Bitfarms signed a definitive agreement to sell its 70 MW Paso Pe facility to Sympatheia Power Fund, which is managed by Singapore-based Hawksburn Capital.
- The deal pays $9 million at closing, including a $1 million non‑refundable deposit already lodged, with up to $21 million tied to milestones over the next 10 months.
- The transaction is expected to close within about 60 days subject to customary conditions, marking Bitfarms’ full exit from Latin America after the earlier Yguazú sale.
- Proceeds will be reinvested in North American HPC/AI infrastructure as Bitfarms winds down Bitcoin mining through 2026–2027, with projects spanning Pennsylvania and a planned Washington State conversion; the company reports 341 MW energized, 430 MW under development, and a 2.1 GW pipeline.
- Investors welcomed the move, with BITF shares rising in premarket and intraday trading following the announcement.