Bitfarms, a major Bitcoin mining company, has halted operations in Argentina due to a power cut by its electricity supplier.
The Río Cuarto site shutdown accounts for about 13% of Bitfarms' total mining capacity.
The halt was a result of the electricity supplier, GMSA, undergoing financial restructuring, but it does not signal a broader crypto crackdown in Argentina.
Bitfarms' financials for Q1 2025 have not factored in the impact of the power shutdown, which could affect its hash rate and future earnings from Argentine operations.