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Bitfarms ( (TSE:BITF) ) has shared an update.
Bitfarms Ltd. announced the completion of the sale of its 200 MW data center in Yguazu, Paraguay, to HIVE Digital Technologies, Ltd. on March 18, 2025. This strategic move is part of Bitfarms’ efforts to streamline operations and shift focus towards North America, with plans to reinvest the proceeds into U.S. growth opportunities. The sale is expected to reduce capital expenditure requirements and lower power costs, aligning with Bitfarms’ strategy to diversify beyond Bitcoin mining and expand into high-performance computing and AI infrastructure.
More about Bitfarms
Bitfarms Ltd., founded in 2017, is a global Bitcoin and vertically integrated data center company that operates mining facilities in the United States, Canada, Paraguay, and Argentina. The company sells its computational power to mining pools and is committed to using sustainable energy sources, primarily hydro-electric power.
YTD Price Performance: -32.92%
Average Trading Volume: 37,956,108
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $452.2M
For detailed information about BITF stock, go to TipRanks’ Stock Analysis page.