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← Keel Infrastructure
Fri, Jan 2, 2026

Bitfarms sells Paso Pe site, completing Latin America exit

Source document ↗

Key points

  • Definitive share purchase agreement to sell the 70 MW Paso Pe, Paraguay site to the Sympatheia Power Fund, managed by Hawksburn Capital
  • Transaction values the operating site at up to $30 million: $9 million in cash at closing plus up to $21 million over 10 months based on payment milestones
  • Closing expected within 60 days, completing Bitfarms' exit from Latin America and rebalancing the energy portfolio to 100% North American
  • Updated portfolio: 341 MW energized, 430 MW under active development (100% U.S.), and 2.1 GW total multi-year pipeline in North America
  • Proceeds to be reinvested in North American HPC/AI energy infrastructure in 2026

Deal

Sympatheia Power Fund (Hawksburn Capital)Jan 2026
SitePaso Pe, Paraguay (site divestiture to Sympatheia Power Fund)
Contracted capacity70 MW
Contract value$0.03B