Bitfarms Sells Paraguay Mining Facility, Shifts Focus to AI Infrastructure
- Strategic Shift: Bitfarms completes the sale of its final mining facility in Paraguay, valued at up to $30 million, marking a full withdrawal from the South American market and a pivot towards AI and high-performance computing infrastructure in North America.
- Capital Reallocation: The transaction will provide Bitfarms with $9 million in cash at closing, with additional payments of up to $21 million scheduled over the next 10 months contingent on milestone completion, thereby accelerating expected free cash flow from the asset.
- Updated Energy Portfolio: Post-sale, Bitfarms' energy portfolio will be entirely North American, featuring 341 MW of energized capacity and 430 MW under active development, indicating strong growth potential in the U.S. market.
- Future Strategic Planning: Management has identified 2026 as a transition year, with plans to gradually reduce bitcoin mining exposure and achieve a more decisive exit by 2027, reflecting the company's long-term commitment to AI and HPC infrastructure.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00934 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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