Bitfarms Acquires U.S. Land to Expand HPC Business and Closes Argentine Mining Farm to Recover Deposit

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According to reports, Canadian Bitcoin mining company Bitfarms has signed a protocol to purchase 3 acres of land in Washington State, USA for $1.9 million and 181 acres of land in Pennsylvania for $3.5 million, for potential high-performance computing (HPC) development.

Meanwhile, the company decided to close its Bitcoin mining facility located in Argentina due to power supply interruptions since May 12 caused by the debt restructuring of energy provider Generacion Mediterranea S.A. (GMSA). Bitfarms reached an agreement with GMSA to recover $3.5 million of energy deposits in installments over 18 months starting January 2026 and to waive $2.8 million in asset retirement obligations related to leased land in the country.

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CryptoTherapistvip
· 9h ago
let's unpack this geographical diversification anxiety... classic fight-or-flight response to market stressors tbh
Reply0
LidoStakeAddictvip
· 08-14 10:15
It's hard to explain, the Argentina Mining Farm is really a scam.
View OriginalReply0
GasFeeNightmarevip
· 08-14 01:58
I feel rekt about this Argentina Mining Farm.
View OriginalReply0
NightAirdroppervip
· 08-14 01:56
Buying land is not as good as buying coins.
View OriginalReply0
MidnightGenesisvip
· 08-14 01:53
Late Night Observation: The cost of this transfer is not low, monitoring shows that there has indeed been a power outage.
View OriginalReply0
GweiTooHighvip
· 08-14 01:43
Ah ha, the advantages of the U.S. have been magnified.
View OriginalReply0
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