Bitfarms Ltd (NASDAQ: BITF) is considered one of the best debt-free penny stocks to buy now. CEO Ben Gagnon announced plans to shift the company’s energy focus to 100% North American post exit from Latin America. The company recently sold a 70 MW site in Paraguay for $30 million, with $9 million cash upfront and $21 million over 10 months.

The sale is expected to accelerate 2-3 years of free cash flow and allow Bitfarms to reinvest in its North American HPC/AI energy infrastructure. CEO Gagnon emphasized the move as part of a strategic shift to concentrate on North American power and infrastructure for HPC/AI. Bitfarms Ltd. is a North American energy and digital infrastructure company specializing in large-scale data centers for Bitcoin mining.

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Read more at Yahoo Finance: Bitfarms Ltd. (BITF) Rebalances Energy Portfolio to Focus on North America After Latin America Exit