Bitfarms to sell Paraguay bitcoin mining site to HIVE for ~$85M

peterschreiber.media/iStock via Getty Images
- Bitfarms (NASDAQ:BITF) has announced a binding Letter of Intent to sell its 200 MW site in Yguazu, Paraguay, to HIVE Digital Technologies (NASDAQ:HIVE) for approximately $85 million.
- This transaction aligns with Bitfarms’ strategic shift towards concentrating its operations in North America, reducing