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Bitfarms Halts Argentina Bitcoin Mining After Power Cut, 13% of Capacity Goes Offline

  • 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.

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