Bitfarms Exits LatAm With Paraguay Sale as Bitcoin Miner Deepens Shift to HPC, AI
Bitfarms Expects to Wind Down Bitcoin Mining by 2027, Begins HPC Conversion at Washington Site
From ASIC-backed loans to AI-backed convertibles, Bitcoin miners are once again tapping billions in debt — reshaping the industry’s capital structure.
New financing push follows IREN’s $1 billion convertible sale and TeraWulf’s $3.2 billion debt offering
Bitcoin miner’s stock up more than 4x from yearly lows as it accelerates Pennsylvania buildout
Bitfarms and HIVE lead the rally while IREN, Hut 8 and Cipher hit fresh 52-week highs
Move underscores broader mining sector shift beyond Bitcoin
Buyback plan boosts Bitfarms shares by 17%
Offloads 13.5 million shares since early July, marking a 40% reduction from peak holdings
Riot had amassed 90 million BITF shares at an average price of $2.24
Bitfarms realized 87% of its 19.5 EH/s installed hashate
HPC hire comes after completing M&A with Stronghold