Bitfarms Ltd. (BITF) Announces the Sale of Bitcoin Mining Site in Paso Pe

Management noted that this woody marks their exit from Latin America arsenic it is shifting its full operations to North America. The woody is expected to adjacent wrong the adjacent 60 days of the announcement. As per the transaction details, Bitfarms Ltd. (NASDAQ:BITF) volition person $9 cardinal successful currency upon closing of this transaction, expected successful Q1 2026. Moreover, the institution volition besides get up to $21 cardinal implicit the adjacent 10 months pursuing the adjacent of the transaction arsenic milestone payments.

Management noted that this aligns with their strategical inaugural to absorption connected North America for higher returns successful HPC/AI infrastructure. Moreover, the woody besides accelerates 2 to 3 years of expected escaped currency travel from Paso Pe, allowing the institution to reinvest.

Bitfarms Ltd. (NASDAQ:BITF), a starring North American vigor and integer infrastructure company, specializes successful high-performance computing and Bitcoin mining.

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