We are pleased to share an exclusive investment opportunity under the Hawksburn VCC – Sympatheia Power Fund ("SPF" or "Sympatheia"). Attached is the updated Teaser and Final Term Sheet along with the Bitfarms market announcement post signing of the SPA on the 31st December 2025.
Sympatheia represents the development of Paraguay's first locally-led, mixed-use Bitcoin mining and HPC/AI data-center platform, powered entirely by low-cost green hydroelectric energy.
All in USD terms, the total purchase is less than USD 30m (debt + 9m equity) vs our conservative valuation at 50m and the insurable value is over 83m, while generating over 20m of EBITDA per year. An independent valuation will be made available shortly.
Josh Murchie, our local partner on the ground in Paraguay, will be joining me to present the investment opportunity at the luncheon on the 13th February. For more information or access to the data room, please feel free to ask.