Bitfarms exits Latam with $30M facility sale
Bitfarms has sold its mining facility in Latin America for $30 million as part of its strategic exit from the region. The sale is aimed at strengthening the company's balance sheet and focusing on its operations in North America. The transaction is expected to provide Bitfarms with additional liquidity to support its growth initiatives. This move comes amid ongoing challenges in the cryptocurrency market, prompting the company to reassess its global footprint.
Read the full article: Coin Telegraph