Bitfarms Ltd. (NASDAQ:BITF) announced the sale of its 70 MW Bitcoin mining site in Paraguay to Sympatheia Power Fund, marking its exit from Latin America. The deal will bring $9 million in cash upon closing and up to $21 million in milestone payments over 10 months. Management plans to focus on North America for higher returns in HPC/AI infrastructure.

Bitfarms Ltd. (NASDAQ:BITF) is a North American energy and digital infrastructure company specializing in high-performance computing and Bitcoin mining. The company’s strategic shift to North America aligns with its goal of accelerating free cash flow and reinvestment.

While Bitfarms Ltd. (NASDAQ:BITF) offers potential as an investment, other AI stocks may present greater upside with less risk. Investors seeking undervalued AI stocks can explore opportunities in companies poised to benefit from current economic trends and tariffs.

For more insights on investment opportunities, check out reports on stocks projected to double in three years and hidden AI stocks worth considering. This article is originally published on Insider Monkey.

Read more at Yahoo Finance: Bitfarms Ltd. (BITF) Announces the Sale of Bitcoin Mining Site in Paso Pe