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

Sell-out alert: <1β–ˆβ–ˆ1> Bitfarms dumping its 200MW Paraguay cryptofarm to rival Hive for a cool $85M. πŸ€‘ 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. πŸ‡ΊπŸ‡Έ

Bitfarms CEO Ben Gagnon spills the tea:

β€œWe’re reinvesting this moolah into our future, positioning ourselves as both a leading BTC miner and a HPC/AI infrastructure provider in the US. πŸš€

Hive will hand over the πŸ’° 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. πŸ‡ΊπŸ‡ΈπŸŽ‰

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2025-01-28 11:39