Cryptocurrency Global BitFarms is a balance of its wallet by selling the largest bitcoin mining facility in Paraguay to focus its resources on enhancing its presence in the United States.
According to the hadith advertisementBitFarms signed a binding letter with HIVE Digital Technologies to sell the Yuguzu 200 megawatts for $ 85 million.
The deal is expected to be completed by the end of the first quarter of 2025.
At that time, BitFRAMS will receive $ 25 million in advance, followed by $ 31 million in the next six months.
As for the remaining $ 29 million, it will include $ 19 million in energy deposits compensation and $ 10 million of capital obligations.
BitFarms believes that the step will reduce the requirements of capital for 2025 and reduce the average power costs by 10 %, while its total capacity decreases from 955 megawatts to 755 MW.
However, the primary goal behind this sale is to re -focus operations on North America, as the company aims to balance its wallet to about 80 % of North America and 20 % of international assets by the end of 2025.
Ben Ghania, who is currently the CEO of the company, said that the sale revenues in the GW 1 growth line in the United States “to support bitcoin mining and expand the HPC/AI’s infrastructure.
The sale was described as a “great milestone” in the company’s transfer from the Bitcoin International Agent worker to an infrastructure company that focuses on North America, adding:
“This shift towards US -based assets is in line with our strategy to diversify beyond Bitcoin mining and take advantage of the important growth opportunities in HPC/AI.”
After selling, BitFarms will keep the remaining mining sites in Paraguay, Villarica and Paso B, which has an 80 -megawatty capacity.
Outside the United States, BitFarms also maintains mining operations in Canada, with a capacity of 158.5 megawatts, and Argentina, with a capacity of 54 MW.
Trump effect
The recent focus on American expansion is compatible with the growing trend between mine workers in the cryptocurrency to deepen their roots in the American market, driven by the optimism that revolves around Donald Trump’s campaign to the situation of the United States as a global code to extract encryption.
Upon entering his position, the president, who is already returning, took important steps to strengthen the encrypted currency sector.
On January 23, 2025, President Trump signed an executive entitled “Promotion of US leadership in digital financial technology”, which promotes the leadership of the United States in digital assets and financial technology.
In addition, the US Securities and Stock Exchange Committee formed a new coding team led by Commissioner Hyster Peres to develop a comprehensive regulatory framework for encryption assets.
Focusing on encryption, miners hope that these supportive measures will drive organizational clarity and innovation, making the United States an attractive center for expanding their operations.
On January 17, BitFUFU, which is based in Singapore, unveiled plans to obtain a mining facility in Oklahoma with a capacity of 51 megawatts.
Before that, the Phoenix Group listed in Abu Dhabi launched a 50 -megawatt facility in Northern Dakota after it opened a 25 -megawatt mining facility in Williamite, South Carolina.
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