**Bitfarms Shifts Focus to North America, Sells Paraguay Site for $30M**

Bitfarms Ltd. (NASDAQ: BITF) saw its stock rise after announcing a major strategic move: the sale of its final Latin American asset in Paraguay. The company is selling its 70-megawatt Paso Pe facility to the Sympatheia Power Fund, a group managed by Hawksburn Capital based in Singapore. This decision is part of Bitfarms’ plan to concentrate fully on expanding its energy and digital infrastructure in North America.

**Why Bitfarms Is Selling Its Paraguay Operation**

The sale of the Paso Pe site is valued at up to $30 million. Bitfarms will receive $9 million upfront at closing, which includes a non-refundable deposit. The remaining amount will be paid over the next 10 months through performance-based milestone payments. The deal is expected to close within 60 days, assuming all standard conditions are met.

With this move, Bitfarms exits the Latin American market entirely. The company plans to use the capital from this sale to fund new energy projects focused on high-performance computing (HPC) and artificial intelligence (AI) in North America — markets where it expects stronger long-term returns.

According to Bitfarms CEO Ben Gagnon, this sale helps the company access cash more quickly than if it had continued operating the facility. He says this extra funding will go directly into developing future-focused energy infrastructure that supports AI and HPC workloads, especially in 2026 and beyond.

**Sympatheia’s Plans for Paraguay**

Josh Murchie from Sympatheia Power Fund said the acquisition fits perfectly into their plan to grow their operations in Latin America. The fund aims to continue using the site to support its energy strategies in the region.

**All Eyes on North American Expansion**

After this sale, all of Bitfarms’ energy assets will be located in North America. This includes its current operations, new U.S.-based projects under development, and a long-term pipeline for additional growth. By focusing on North America, Bitfarms believes it can better align with growing demand for AI and crypto mining infrastructure.

Interest in Bitfarms has been rising lately, especially with new investment products offering leveraged exposure to the stock. This reflects a broader trend of investors looking for targeted ways to gain access to crypto infrastructure companies.

**Stock Movement**

Following the announcement, Bitfarms stock jumped 4.25% during premarket trading, reaching $2.44 per share. Investors appear optimistic about the company’s sharpened focus and future prospects in the high-growth AI and crypto energy space.

**Key Takeaways:**
– Bitfarms is selling its Paraguay facility for up to $30M.
– The company will now focus entirely on North American operations.
– Funds from the sale will be used for AI and HPC energy projects.
– Stock rose after the announcement, showing investor confidence.
– Deal expected to close in about 60 days.

This strategic shift positions Bitfarms to become a key player in powering next-generation computing technologies across North America.