How a Bitcoin Miner Said Adios to Latin America and Made a Bundle

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How a Bitcoin Miner Said Adios to Latin America and Made a Bundle

Well, now, it seems ol’ Bitfarms, the bitcoin digging outfit, is packin’ up its tent in Latin America quicker than a tourist in a rainstorm, all for a cool thirty million bucks. Yep, they’re tickled pink and ready to skedaddle from their Paraguay digs in Paso Pe like a cat chased by a swarm of bees. 🐝🐱

  • That’s right, the miners are finally unloadin’ their stake in the land of empanadas and dreams, sellin’ their spot to the curious folks at Sympatheia Power Fund. They’re gettin’ nine million upfront-because who doesn’t love a fat check right away?-and the rest, up to twenty-one million, sprinkled out over ten months like candy on Halloween. 🎃
  • This isn’t the first rodeo, mind ya. They already parted ways with another Paraguayan site in Yguazú, handing it over to Hive Digital Technologies less than a year ago, like a dog pawin’ over a bone.

The big boss at Bitfarms, Ben Gagnon, declared that these sweet deals mean they’re lookin’ at a couple of years’ worth of cash flow to toss into their North American adventures-more power, more AI, more money- like a squirrel hoarding acorns for winter while humming a tune. 🌰🤖

And wouldn’t you know, the whole shebang is just about ready to wrap up within sixty days, with all the ducks in a row, as they say in the old country. Meanwhile, the stock market’s raising an eyebrow-up about 4%, pushin’ the shares to $2.45, even as Bitcoin smiles a little crestfallen at just under $90,000-guess everyone’s got their eye on the prize, or at least a good ol’ sugar-high.

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2026-01-02 16:48