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Bitfarms Sells Paraguay Site, Shifts Focus to North American Expansion

Jack KelloggAvatar
Written by Jack Kellogg Reviewed by Tim Sykes Fact-checked by Ellis Hobbs
Updated 1/12/2026, 2:33 pm ET 1/12/2026, 2:33 pm ET | 5 min 5 min read
Bitfarms Sells Paraguay Site, Shifts Focus to North American Expansion Thumbnail

Bitfarms Ltd.’s stocks have been trading up by 6.07% despite varying market news, reflecting investor confidence in the company.

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Live Update At 14:32:40 EST: On Monday, January 12, 2026 Bitfarms Ltd. stock [NASDAQ: BITF] is trending up by 6.07%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

Bitfarms recently saw its shares surge. The buzz? The sale of its 70-megawatt Paso Pe site in Paraguay. This $30M deal with Sympatheia Power Fund is pivotal, signifying Bitfarms’ strategic pivot away from Latin America. The price per share climbed steeply, reflecting heightened investor enthusiasm. Regarding financial health, turbulence persists. With revenues reported at roughly $192.88M, net income still lags behind visions of financial prosperity. The profit margins raised eyebrows, with EBIT margins at -44.9%.

Interestingly, Bitfarms maintains a strong asset base—boasting total assets worth $801.28M and a current ratio of 3.2, highlighting liquidity. Yet, challenges persist, with an evident struggle in profitability metrics. With gross margins unable to find positive territory and algorithms flagging asset turnover inefficiencies, it’s evident why the company looks towards strategies like this transaction to reshape its revenue streams.

Market Reactions and Strategic Moves

The spotlight is firmly on Bitfarms, and not without reason. As news of the Paraguay site’s sale broke, shares didn’t just move—they jumped. There was a rush of optimism seen among investors, intrigued by the move westward. Known for its operations in bitcoin mining, Bitfarms’ decision to focus resources elsewhere demonstrates a confident stride into the next chapter of its journey.

More Breaking News

A colleague once quipped how tech companies, especially Bitcoin miners like Bitfarms, are perpetual agility tests. This quote couldn’t ring truer. Channeling $30M towards expanding higher-performance energy infrastructure in North America reveals potential. More than just a sale, it signifies a reshaping—a tailoring of investment priorities towards artificial intelligence and high-performance computing fronts. In an ever-evolving energy landscape, decisions like this underscore Bitfarms’ tactical shifts to fortify its North American stronghold. Yet, one cannot overlook challenges, like rampant inflation and regulatory headwinds, that accompany such a redirection in focus.

Economic Implications and Global Dynamics

Economic ramifications of such transactions stretch beyond simple share price increments. While immediate surges were observed, long-term gains rely on the reinvestments’ success in North America. Will Bitfarms find the golden key in AI energy that sparks lasting gains? The reality of navigating through the volatile world of digital mining and tech infrastructure remains arduous.

This narrative isn’t isolated. It is part of broader economic interplay. The ‘domino effect’ witnessed when a major player’s strategic decision ripples through the market is palpable. As memory serves from past encounters, investor confidence shuffles intricately like a gust of wind on a still lake. The digital mining trend, fueled by new initiatives, remains a frequent topic at financial dialogues. While the global focus dances between unwavering confidence and circumspect caution, the outcome for Bitfarms remains unwritten—an open chapter needing strategic precision to secure its North American ambitions.

Conclusion

Bitfarms continues to evolve. Selling the Paraguay site is much more than a geographical exit—it’s an entry to new opportunities. The financial performance revealed inherent weaknesses but also sparked potential areas of growth. The agile realignment of capital may not only shelter from existing fiscal struggles but could open doors to transformative advancements in North America.

High stakes overshadow these decisions, and whether Bitfarms navigates smoothly or stumbles significantly remains. Yet, it’s in the pursuit of progress that the spirit of innovation thrives. As millionaire penny stock trader and teacher Tim Sykes says, “The goal is not to win every trade but to protect your capital and keep moving forward.” This guiding principle resonates as Bitfarms navigates its changing landscape. The chapter isn’t over. Traders, still intrigued, hold their breath as Bitfarms strides into a transformed terrain charting the unknown path ahead.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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Jack Kellogg

He teaches webinars on Tim Sykes’ Trading Challenge He became Tim’s youngest millionaire student in 2020. Now he’s second on the Trading Challenge leaderboard with $12.9 million in career earnings. He’s a master of the 7-Step Pennystocking Framework. Jack is one of a rare breed of traders to profitably trade the entire penny stock framework.
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”