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| Country | Site | MW Capacity | Hashrate (EH/s) | Energy Source | |
|---|---|---|---|---|---|
| Canada | Sherbrooke QC | 98 MW | 5.5 EH/s | Hydro (Hydro-Quebec) | |
| Canada | Magog QC + 2 smaller sites | 62 MW combined | 3.5 EH/s | Hydro (Hydro-Quebec) | |
| Canada | Garlock QC (acquired 2024) | 42 MW | 2.2 EH/s | Hydro (Hydro-Quebec) | |
| USA | Pennsylvania (multiple sites) | 75 MW | 4.5 EH/s | PJM grid; gas + nuclear mix | |
| USA | Washington (Pacific Northwest) | 30 MW | 1.5 EH/s | Hydro + wind (BPA grid) | |
| Argentina (exited) | Rio Cuarto (Cordoba) | 0 MW (wound down) | 0 EH/s | Abandoned after power cut May 12 2025; full shutdown ~Nov 2025 | |
| Paraguay (divested) | Yguazu (self-built greenfield) | 200 MW (sold) | n/a | Sold to HIVE for ~$85M (Jan 2025); Paso Pe (70 MW) sold to Sympatheia (up to ~$30M) | |
| Total operational (North America) | 2-country portfolio (Canada + USA) | ~307 MW combined | ~17 EH/s self-mining | ~100% North American; hydro-heavy (Quebec + Pacific NW) + PJM | |
| Editorial. Why this matters | Strategic context | Bitfarms pivoted from a multi-country model to a North America-focused one after exiting Latin America in 2025 (Paraguay sold to HIVE + Sympatheia; Argentina Rio Cuarto wound down). The remaining edge is Quebec hydro ~$0.04/kWh (industry low) plus US Pennsylvania (Stronghold) + Pacific Northwest hydro. Marquee question: as the portfolio consolidates in North America, does the lower-cost hydro base continue paying margin dividends through 2027? |