Bitfarms Bails on Latin America for AI Dreams!

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Mark Twain once said, “The secret of getting ahead is getting started.” But Bitfarms? They’re more like “the secret of getting out is getting a new plan.” On January 2, 2026, they signed a deal to sell their 70-megawatt Paso Pe site to Sympatheia Power Fund-because who needs Bitcoin when you can chase AI? 🧠💰

This sale is like a man ditching his horse for a bicycle: goodbye Latin America, hello North America. The company’s now all about “high-performance computing” and “artificial intelligence infrastructure.” Sure, because nothing says “future” like a bunch of machines that never sleep. 🤖

Deal Structure and Timeline

Under the terms, Bitfarms gets $9 million cash upfront-$1 million already paid. The rest? A “performance-based” bonus. Like a dog chasing a car, but with more spreadsheets. 🐶🚗

The CEO says this deal “brings forward two to three years of cash flows.” Translation: they’re betting their future on a roulette wheel. 🎰

The buyer, Sympatheia Power Fund, promises a “seamless transition.” Because nothing says “trust us” like a crypto fund with a name that sounds like a 19th-century opera. 🎭

Completing the Latin America Exit

Earlier in 2025, they sold their “largest Paraguay facility.” Then, in January 2025, they sold another. It’s like a man leaving a party-first he says, “I’ll be back!” Then, “Never mind.” 🚪

Paraguay was once a “key growth market.” Now? Just a memory. The company’s strategy changed faster than a politician’s promise. 🗳️

North American Energy Portfolio

Now, all their energy is in North America. Because why have a global footprint when you can focus on one region? It’s like saying, “I’ll only eat pizza from this one restaurant.” 🍕

  • 341 megawatts operating. That’s enough to power a small town… or a very large casino. 🎰

  • 430 megawatts under development. Because why not? The future is now, or so they say. 🚀

  • A 2.1-gigawatt pipeline. That’s more energy than a nuclear plant! Or a very energetic squirrel. 🐿️

This focus allows them to “concentrate their attention.” Because nothing says “focus” like ignoring the rest of the world. 🌍

The Shift to AI and Computing

Bitfarms is now all about AI. Because Bitcoin is so 2020. They’re converting a Washington facility to support Nvidia GPUs. Because nothing says “innovation” like liquid cooling and 190 kW per rack. 💡

The CEO claims this could “produce more income than Bitcoin mining.” If only they’d said that sooner. 🤯

Industry Trends and Market Reaction

The Bitcoin halving? A disaster. But Bitfarms? They’re pivoting like a ship in a storm. 🌊

Investors are thrilled. Shares jumped 11%. Because nothing says “confidence” like a company selling its assets to invest in the future. 📈

The Road Ahead

Bitfarms now has nearly $1 billion in liquidity. That’s enough to buy a small country-or build a few data centers. 🏛️

They’re evaluating “colocation services” and “GPU-as-a-Service.” Because why not? The future is a subscription. 📰

So, will this gamble pay off? Only time will tell. But for now, Bitfarms is betting their future on AI and North America. And if that fails? Well, they’ll just pivot again. 🔄

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2026-01-03 01:03