Bitfarms Dives into US Bitcoin Mining, Selling Paraguay Ranch for $85M

Sell-out alert: <1██1> Bitfarms dumping its 200MW Paraguay cryptofarm to rival Hive for a cool $85M. 🤑 Where’s the beef?

The move seems to aim at getting Bitfarms to focus on North American mining sites after the hot mess left behind by Trump. 🇺🇸

Bitfarms CEO Ben Gagnon spills the tea:

“We’re reinvesting this moolah into our future, positioning ourselves as both a leading BTC miner and a HPC/AI infrastructure provider in the US. 🚀

Hive will hand over the 💰 over six months. The deal’s expected to close by the end of Q1 ’25 if they manage to avoid expensive lawsuits or fleet issues. 😜

Bye-bye, Paraguay – helloooo United States of America. 🇺🇸🎉

Read More

2025-01-28 11:39