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Bitfarms Sells Paso Pe Mining Facility for $30 Million, Officially Exiting Latin American Market
Summary: Bitfarms, a bitcoin mining company listed on NASDAQ, has announced the final purchase agreement with Sympatheia Power Fund (SPF), a crypto infrastructure fund managed by Hawksburn Capital in Singapore, 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 ...
Bitfarms, a bitcoin mining company listed on NASDAQ, has announced the final purchase agreement with Sympatheia Power Fund (SPF), a crypto infrastructure fund managed by Hawksburn Capital in Singapore, 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 delivery). This transaction marks Bitfarms' official exit from the Latin American market.
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Link: Bitfarms Sells Paso Pe Mining Facility for $30 Million, Officially Exiting Latin American Market [Copy]
