Bitfarms sells $30M Paraguay facility, exits Latin America, shifts focus to AI and HPC in North America. The company reached an agreement with Sympatheia Power Fund for its 70MW facility in Paso Pe. Cash from the deal will be reinvested into AI and HPC infrastructure in the US.

Bitfarms transitions from Bitcoin mining to AI, plans to convert 18MW facility in Washington state. Stock price dropped 18%, following the announcement. TeraWulf secures $6.7B lease agreements with AI infrastructure provider Fluidstack, shifting focus to HPC. Investment bank upgrades Bitfarms’ stock to “outperform,” raises share price target to $24.

Read more at Cointelegraph: Bitfarms Exits Latam with $30M Facility Sale