tldr; Bitfarms is selling its 70-megawatt Bitcoin mining site in Paraguay for up to $30 million, marking its exit from Latin America. The sale aligns with Bitfarms’ strategic pivot to focus on High-Performance Computing (HPC) and AI infrastructure in North America. The transaction includes $9 million in cash and milestone-based payments. This move follows a reported net loss and reflects a broader industry trend of Bitcoin miners transitioning to AI and digital infrastructure to achieve more stable revenue streams.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
diwalost on
They will exit AI aswell
sadie-hanalei on
Makes sense. Latin America is unstable for anyone in business. It looks nice but the way people treat others in business usually comes with tons of corruption. Especially Central/South America. Caribbean, not as bad or at least its more friendly.
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tldr; Bitfarms is selling its 70-megawatt Bitcoin mining site in Paraguay for up to $30 million, marking its exit from Latin America. The sale aligns with Bitfarms’ strategic pivot to focus on High-Performance Computing (HPC) and AI infrastructure in North America. The transaction includes $9 million in cash and milestone-based payments. This move follows a reported net loss and reflects a broader industry trend of Bitcoin miners transitioning to AI and digital infrastructure to achieve more stable revenue streams.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
They will exit AI aswell
Makes sense. Latin America is unstable for anyone in business. It looks nice but the way people treat others in business usually comes with tons of corruption. Especially Central/South America. Caribbean, not as bad or at least its more friendly.
What about mara root etc?