Bitfarms enters share purchase agreement to sell Paso Pe site for up to $30M

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Sat, January 3, 2026 astatine 6:05 AM CST 1 min read

Bitfarms (BITF) entered into a definitive stock acquisition statement to merchantability its 70 MW tract successful Paso Pe, Paraguay to the Sympatheia Power Fund, a crypto infrastructure money managed by Singapore-based Hawksburn Capital. The transaction is expected to adjacent wrong 60 days of this merchandise and completes Bitfarms’ exit from Latin America. The closing of the transaction is taxable to the restitution oregon waiver of customary closing conditions. Under the presumption of the SPA, the Buyer volition get from Bitfarms and its affiliates the shares of the azygous intent subsidiary that holds each the operating assets related to its Paso Pe, Paraguay, Bitcoin mining site. The projected transaction values the operating tract astatine up to $30M, with Bitfarms expected to receive: $9M successful currency upon closing of this transaction, expected successful Q1 2026. Up to $21M implicit 10 months pursuing closing based connected definite outgo milestones.

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