Bitfarms Sells Paraguay Mining Site to Hawksburn Capital for $30M
Bitfarms, a Bitcoin mining company, is exiting Latin America through the sale of its mining site in Paraguay. According to reports, the site is being sold to Sympatheia Power Fund, which is managed by Hawksburn Capital, based in Singapore. The sale is valued at $30 million. This development signals a shift in Bitfarms' operational strategy and a change in the landscape of Bitcoin mining activities in the Latin American region.
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