Bitcoin miner Bitfarms exiting Latin America with $30M sale of Paraguay site

Bitcoin miner Bitfarms is selling its mining facility in Paraguay for $30 million as part of its strategy to exit the Latin American market. The sale is part of a broader effort to streamline operations and focus on more profitable regions. Bitfarms plans to use the proceeds to strengthen its balance sheet and invest in growth opportunities. This move reflects the company's shift in strategy amid changing market conditions and regulatory environments in the region.

Read the full article: CoinDesk

Read more