Bitcoin mining company Bitfarms sells Paso Pe mine for $30 million, officially exiting the Latin American market

According to Globenewswire, Nasdaq-listed Bitcoin mining company Bitfarms announced that it has signed a definitive purchase agreement with the Sympatheia Power Fund (SPF), a cryptocurrency infrastructure fund managed by Singapore's Hawksburn Capital, to sell its Paso Pe mining facility for $30 million (expected to receive $9 million in cash in the first quarter of this year, with the remaining $21 million to be received within 10 months after closing).

This transaction marks Bitfarms' official exit from the Latin American market.