Bitcoin miner completes LatAm exit as it redirects capital toward U.S.-based AI and high-performance computing data centers
Bitcoin mining company Bitfarms has finalized its strategic withdrawal from Latin America with the sale of its remaining Paraguay operations, marking a decisive shift toward North American energy and data center infrastructure tailored for artificial intelligence and high-performance computing.
Bitfarms Paraguay Asset Sale Details
Bitfarms agreed to sell its 70-megawatt Paso Pe site in Paraguay for up to $30 million. The transaction includes $9 million in upfront cash at closing, with an additional up to $21 million contingent on post-closing milestones expected over the next 10 months. The company stated the deal accelerates two to three years of projected free cash flow from the site.
Strategic Shift Toward North America
With the sale completed, Bitfarms’ entire energy portfolio is now concentrated in North America. The company currently operates 341 megawatts of energized capacity, has 430 megawatts under active U.S. development, and maintains a multi-year pipeline totaling approximately 2.1 gigawatts.
Management plans to redeploy proceeds into AI and high-performance computing-focused power infrastructure beginning in 2026. The move reflects a broader industry trend as bitcoin miners pivot toward energy-dense data centers capable of serving growing AI workloads.
Bitfarms shares recently traded near $2.60, rebounding from December lows but remaining below 2025 highs around $6.50, underscoring the market’s close watch on the company’s transformation strategy.
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