Bitfarms Exits Latin American Market with $30 Million Sale of Paso Pe Mining Facility

Odaily News: Nasdaq-listed Bitcoin mining company Bitfarms announced it has signed a definitive purchase agreement with Sympatheia Power Fund (SPF), a crypto infrastructure fund managed by Singapore's Hawksburn Capital, to sell its Paso Pe mining facility for $30 million (expected to receive $9 million in cash in Q1 this year, with the remaining $21 million to be received within 10 months after closing). This transaction marks Bitfarms' formal exit from the Latin American market. (Globenewswire)