Overview
- Bitfarms agreed to sell its 70 MW Paso Pe facility to Sympatheia Power Fund, a Hawksburn Capital–managed vehicle, for up to $30 million.
- The deal includes $9 million at closing and up to $21 million in milestone payments over 10 months, with closing targeted in about 60 days subject to customary conditions and a reported $1 million non‑refundable deposit.
- The company says the divestiture completes its withdrawal from Latin America and brings forward two to three years of expected free cash flow for reinvestment.
- Sympatheia says it will prioritize an uninterrupted operational transition at Paso Pe as it advances a regional expansion strategy.
- Bitfarms reports 341 MW energized, about 430 MW under development, and a 2.1 GW North American pipeline, and its shares rose roughly 4% in pre‑market trading on the announcement.