bitfarms

after agreeing to sell its mining site in Paso Pe Paraguay. This move marks the end of the company operations in the region. The sale is part of a wider plan to focus on future growth in North America.
Bitfarms announced that it will sell the Paso Pe site to Sympatheia Power Fund. The fund is managed by Hawksburn Capital which is based in Singapore. The total value of the deal can reach up to thirty million dollars. The company will receive nine million dollars at the start. The remaining amount of up to twenty one million dollars will be paid over the next ten months if certain payment goals are met.
The deal is still waiting for standard closing steps to be completed. Bitfarms expects the transaction to close within the next sixty days. Once finished the company will fully exit its mining presence in Latin America.
Bitfarms chief executive Ben Gagnon said the sale allows the company to unlock future cash sooner than expected. He explained that the deal brings forward two to three years of planned cash flow. This money will now be used to support new energy projects in North America starting in twenty twenty six.
The company plans to invest this capital into high performance computing and artificial intelligence infrastructure. Bitfarms believes these areas can offer stronger returns compared to traditional bitcoin mining in the region it is leaving. Management sees long term value in using energy assets for computing services that go beyond mining alone.
This sale follows another major move made by Bitfarms last year. The company previously sold its Yguazu site in Paraguay to another bitcoin mining firm. That deal already signaled a gradual exit from the country. The Paso Pe sale now completes that strategy.
Bitfarms has been reshaping its business as the bitcoin mining industry changes. Rising costs and tougher conditions have pushed miners to rethink where and how they operate. For Bitfarms shifting toward North America and advanced computing is seen as a way to stay competitive.
Investors reacted positively to the news. Bitfarms shares rose around four percent in early trading after the announcement. The share price moved to about two dollars and forty five cents. This rise also came as the price of bitcoin moved closer to ninety thousand dollars.
The company believes this decision strengthens its balance sheet and improves future planning. By selling the Paraguay site Bitfarms reduces risk and gains flexibility. The focus now turns to building energy backed computing systems that can serve new markets.
With this move Bitfarms closes one chapter and opens another. The company is betting that advanced computing and North American energy projects will shape its next phase of growth.
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#Bitfarms
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#DigitalAssets

The Bitcoin mining company Bitfarms has just completed the acquisition of Stronghold Digital Mining, a Bitcoin mining company in the US. With a deal value of 175 million USD, Bitfarms not only strengthens its position in Bitcoin mining but also aims for artificial intelligence (AI)—a rapidly developing field.

So, why is a Bitcoin mining company interested in AI?

🚀 Is Bitfarms changing the game?

🔶 Introduction
As the cryptocurrency market continues to evolve, mining operations play a crucial role in the ecosystem. Bitfarms, a prominent player in the Bitcoin mining industry, has recently released its production and operations update for October 2024. This update sheds light on the company’s performance, operational strategies, and future outlook, providing valuable insights for investors and industry enthusiasts alike.
🔶 Record Bitcoin Production
In October 2024, Bitfarms achieved a significant milestone by producing an impressive 530 Bitcoin. This marks a substantial increase compared to previous months, reflecting the company’s commitment to optimizing its mining operations. The increase in production is attributed to enhanced efficiencies in mining hardware and improved energy management strategies. With Bitcoin prices remaining volatile, maintaining high production levels is critical for maximizing revenue.
🔶 Operational Efficiency Gains
Bitfarms has focused on operational efficiency as a cornerstone of its strategy. The company has made notable advancements in its mining fleet, incorporating the latest generation of mining rigs that offer higher hash rates and lower energy consumption. This technological upgrade has not only increased output but has also reduced operational costs, positioning Bitfarms favorably in a competitive market.
Moreover, the strategic relocation of mining equipment to regions with lower energy costs has further bolstered the company’s operational efficiency. By leveraging favorable energy prices, Bitfarms enhances its profit margins, enabling it to remain resilient against market fluctuations.
🔶 Sustainable Energy Initiatives
Sustainability remains a key priority for Bitfarms. The company has been actively investing in renewable energy sources to power its mining operations. In October, approximately 80% of Bitfarms’ energy consumption came from hydroelectric and other renewable sources. This commitment not only aligns with global sustainability trends but also positions Bitfarms as a leader in environmentally responsible mining practices.
As regulatory scrutiny around energy consumption in cryptocurrency mining increases, Bitfarms’ dedication to sustainable practices may enhance its reputation and appeal among environmentally conscious investors.
🔶 Financial Performance and Market Position
Bitfarms continues to demonstrate robust financial performance. The company reported revenues of $12 million for October, underscoring the direct correlation between Bitcoin production and revenue generation. With the recent price fluctuations in Bitcoin, Bitfarms remains vigilant in managing its inventory and strategic sales to optimize returns.
The company’s financial health is further supported by its strategic partnerships and expansion plans. Bitfarms has been exploring opportunities to expand its operations in emerging markets, allowing for greater scalability and diversification of its revenue streams.
🔶 Future Outlook
Looking ahead, Bitfarms remains optimistic about its growth trajectory. The company has set ambitious production targets for the upcoming months, aiming to increase its monthly Bitcoin output by 15% by the end of 2024. This growth will be driven by continued investments in technology and energy efficiency.
Furthermore, as the Bitcoin network continues to evolve with upcoming protocol upgrades and changes, Bitfarms is well-positioned to adapt and thrive. The company’s proactive approach to operational enhancements and sustainability will likely attract interest from both investors and partners.
🔶 Conclusion
Bitfarms’ October 2024 production and operations update highlights the company’s resilience and strategic positioning within the cryptocurrency mining landscape. With record production numbers, a strong focus on sustainability, and a commitment to operational efficiency, Bitfarms is setting a solid foundation for future growth. As the industry continues to mature, the company’s proactive strategies and innovations will be crucial in navigating the challenges and opportunities ahead. For investors and stakeholders, Bitfarms represents a compelling case study in the evolving world of cryptocurrency mining.
#Bitfarms #16thBTCWhitePaperAnniv #CryptoPreUSElection

📌 Introduction: when Elon moves not only cars but also crypto
The market opened with sharp movements: Tesla surged after Elon Musk bought shares, and crypto mining companies followed suit. This is not just correlation — it's synchronization of sentiments: if large capital is on the rise, miners follow.

November 13, 2025 Bitfarms Ltd., one of the largest public Bitcoin miners in North America, announced a strategic shift: the company plans to gradually cease Bitcoin mining over the next two years and refocus on infrastructure for artificial intelligence (AI) and high-performance computing (HPC). This move, announced alongside third-quarter results, was a response to financial pressures in the industry.

One of the most shocking strategic moves in the digital asset market recently comes from #Bitfarms , a publicly listed Bitcoin mining company. This company has just announced that it will cease Bitcoin mining operations in the coming years to completely shift focus to providing infrastructure for the rapidly growing demand for Artificial Intelligence (AI) computing. This decision is not only a change in the business model but also an indirect acknowledgment of the increasing challenges to the profit margins of traditional Bitcoin mining.