BitFarms Sells Paso Pe Mine for $30 Million

BitFarms Sells Paso Pe Mine for $30 Million

By WiseKing | EduCrypto | 3 Jan 2026


A bitcoin company ‘BitFarms’ has recently sold Paso Pe Mine for $30 million. This announcement reveal that there is a signed definitive purchase agreement with the Sympothesia Power Fund (SPF). The SPF is a cryptocurrency infrastructure fund that is managed by Singapore’s Hawksburn capital to sell its Paso Pe Mining Facilities for $30 million.

They are expected to received $9 million in cash in the first quarter of 2026 while the remaining $21 million to be received within the next ten months after closing. It’s on record that this transaction marks the official exit of BitFarm from the latin American crypto market.

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WiseKing
WiseKing

Writer and Researcher of Academic content


EduCrypto
EduCrypto

EduCrypto is a Blockchain, Technology, and Education-focused platform that inform readers, writers and crypto enthusiastic on what happening around Tech and Cryptocurrency world.

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