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Bitfarms gains after $30 mn deal and AI expansion plans
short by / on Friday, 2 January, 2026
Bitfarms shares rose over 4% after the bitcoin miner agreed to sell its 70MW site in Paraguay for $30 million as part of a full exit from Latin America. The company plans to reinvest proceeds into North American AI and high-performance computing infrastructure in 2026. Bitfarms said the deal brings forward two to three years of expected free cash flow.
read more at Stocktwits