Bitfarms Completes Strategic Sale of its Yguazu, Paraguay Data Center
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Bitfarms has completed the sale of its Yguazu, Paraguay data center for approximately $85 million. The company plans to reinvest the proceeds into growth opportunities in the U.S.
March 18, 2025 | 11:45 am
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Bitfarms has sold its Yguazu, Paraguay data center for $85 million and plans to reinvest the capital into U.S. growth opportunities.
The sale of the data center provides Bitfarms with significant capital to reinvest in U.S. growth opportunities, which could enhance its market position and operational capacity. This strategic move is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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