Bitfarms, a North American company specializing in energy and data center infrastructure for high-performance computing (HPC) and Bitcoin mining, has exited Paraguay after selling its cryptomine in the country.

The company has announced the sale of its 70MW energy site in Paso Pe, Paraguay, to Sympatheia Power Fund (SPF), a crypto infrastructure fund managed by Hawksburn Capital. This transaction completes Bitfarms' strategic exit from the Latin American market in favor of a 100 percent North America focus.

The transaction, valued at $30 million, is expected to close before the end of the first quarter of 2026.

Bitfarms CEO Ben Gagnon said the transaction represents a "decisive rebalancing of the energy asset portfolio, focusing exclusively on infrastructure related to high-performance computing and artificial intelligence in North America."

The sale of Paso Pe, Gagnon brings forward two to three years of expected free cash flow, which will be reinvested in this segment in 2026 to generate stronger returns on capital.

This move is part of a series of divestitures designed to concentrate operational and investment efforts in the US and Canadian markets, where Bitfarms believes there are greater growth opportunities linked to the expansion of demand for HPC/AI infrastructure.

Josh Murchie, from Sympatheia Power Fund, noted that the acquisition "accelerates our regional expansion plan" and that one of the priorities is to ensure a "seamless transition and operational continuity in Paso Pe from day one."

Under the agreement, Bitfarms will receive $9 million in cash at closing, including a non-refundable deposit of $1 million already paid by the buyer; in addition, it may receive up to $21 million over the following 10 months, subject to the achievement of certain payment milestones.

The transaction strengthens Bitfarms' liquidity profile by rapidly monetizing a significant energy operation.

Following the sale, Bitfarms' updated energy profile in North America includes: 341MW of energized capacity, 430MW under active development, all located in the United States, and a multi-year pipeline of 2.1GW, with approximately 90 percent based in North American markets.

Launched in 2017, Bitfarms currently has more than a dozen Bitcoin mining data centers operating across the United States, Canada, and Argentina. It recently sold another site in Paraguay to HIVE Digital, and is pivoting towards developing AI and HPC data centers in the US.