Bitfarms Exits Latin American Market with $30 Million Sale

According to PANews, Bitfarms, a Nasdaq-listed Bitcoin mining company, has announced the sale of its Paso Pe mine to the Sympatheia Power Fund (SPF), managed by Singapore's Hawksburn Capital. The transaction, valued at $30 million, marks Bitfarms' official exit from the Latin American market. The agreement stipulates that Bitfarms will receive $9 million in cash in the first quarter of this year, with the remaining $21 million to be paid within ten months following the completion of the deal.