Bitfarms Ltd. is finalizing its full withdrawal from Latin America after agreeing to sell its last remaining facility in Paraguay for up to $30 million, a move that will redirect capital toward North American high-performance computing (HPC) and artificial intelligence (AI) infrastructure.
The strategic shift was announced on January 2, 2026, and marks the end of a multi-year effort to consolidate operations in regions the company believes offer stronger long-term returns.
Deal Details and Timeline
The transaction involves the 70-megawatt Paso Pe facility in Paraguay, which will be sold to Sympatheia Power Fund. Bitfarms expects to receive:
- $9 million in cash at closing, targeted for Q1 2026
- Up to $21 million in additional payments over the following 10 months, tied to specific milestones
In total, the deal values the asset at as much as $30 million, depending on payment conditions being met.
Strategic Pivot Toward North America
Management described the sale as the final step in a deliberate strategy to concentrate all energy and infrastructure investments in North America, where demand for computing power is accelerating rapidly due to AI model training, inference workloads, and enterprise HPC needs.
Rather than expanding further in Latin America, Bitfarms plans to deploy capital into facilities that can serve both Bitcoin mining and compute-intensive AI use cases, offering more diversified and potentially higher-margin revenue streams.
Exit Follows Earlier Paraguay Sale
The Paso Pe divestment follows Bitfarms’ January 2025 sale of its Yguazú site in Paraguay to Hive Digital Technologies. Together, the transactions complete Bitfarms’ exit from the region.
Market Reaction Signals Investor Approval
Investors reacted positively to the announcement. Bitfarms shares (BITF) rose more than 10% on the day the news became public, reflecting optimism that the company’s sharper geographic and strategic focus could improve capital efficiency and earnings potential.
What Bitfarms Looks Like Post-Exit
Following the sale, Bitfarms’ portfolio will be entirely North American, consisting of:
- 341 MW of operational capacity
- A 2.1-gigawatt development pipeline, primarily located in the United States
The company says this footprint positions it to benefit from surging demand for AI data centers while retaining optionality in Bitcoin mining as market conditions evolve.
With the Latin America chapter closed, Bitfarms is now betting that AI and HPC infrastructure in North America will define its next growth phase.
