Bitfarms Finalizes Share Sale Agreement for Paraguayan Bitcoin Mining Site

Bitfarms ( (TSE:BITF) ) has shared an announcement.

On June 10, 2025, Bitfarms Ltd. announced the filing of a share purchase agreement with Canadian Securities Regulatory Authorities. The agreement, initially dated March 17, 2025, involves the sale of all issued shares of a corporation owning a bitcoin mining site in Yguazu, Paraguay, to Hive Holdings Paraguay 1 Ltd., Hive Holdings Paraguay 2 Ltd., and Hive Digital Technologies, Ltd. This strategic move is expected to impact Bitfarms’ operations by divesting its interest in the Paraguayan project, potentially affecting its market positioning and stakeholder interests.

The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Bitfarms stock, see the TSE:BITF Stock Forecast page.

Spark’s Take on TSE:BITF Stock

According to Spark, TipRanks’ AI Analyst, TSE:BITF is a Neutral.

Bitfarms is undergoing a strategic transformation with a focus on HPC and AI, supported by significant financing. However, the company faces financial challenges with negative margins and heavy reliance on external financing. Technical indicators are bearish, and the valuation is unattractive due to unprofitability and lack of dividends. The positive outlook from strategic initiatives is mitigated by operational and financial weaknesses.

To see Spark’s full report on TSE:BITF stock, click here.

More about Bitfarms

Bitfarms Ltd. is a company operating in the cryptocurrency industry, primarily focused on bitcoin mining. It is based in Toronto, Ontario, Canada, and is involved in the development and operation of mining sites, including a significant project in Paraguay.

Average Trading Volume: 1,699,052

Technical Sentiment Signal: Sell

Current Market Cap: C$728.3M

For an in-depth examination of BITF stock, go to TipRanks’ Stock Analysis page.