Bitfarms enters share purchase agreement to sell Paso Pe site for up to $30M

Core Viewpoint - Bitfarms is exiting the Latin American market by selling its 70 MW Bitcoin mining site in Paraguay to the Sympatheia Power Fund for a total value of up to $30 million [1] Group 1: Transaction Details - Bitfarms has entered into a definitive share purchase agreement to sell its Paraguay site [1] - The transaction is expected to close within 60 days and is subject to customary closing conditions [1] - The buyer will acquire shares of a subsidiary that holds all operating assets related to the mining site [1] Group 2: Financial Aspects - The proposed transaction values the operating site at up to $30 million [1] - Bitfarms is expected to receive $9 million in cash upon closing, anticipated in Q1 2026 [1] - An additional amount of up to $21 million will be received over 10 months following closing, contingent on certain payment milestones [1]