Bitcoin miner Bitfarms exits Latin America with $30m sale to focus on AI

Publicly traded Bitcoin miner Bitfarms has announced its exit from Latin America via the sale of its site in Paraguay, with the Canadian company pivoting to focus entirely on high-performance computing. The Toronto-based firm said Friday that it had entered into a definitive share purchase agreement to sell its 70 MW site in Paso Pe, Paraguay to crypto infrastructure company Sympatheia Power Fund, managed by Singapore-based Hawksburn Capital, for up to $30 million. Bitfarms will now turn to providing re ...