Major Bitcoin mining firm pivoting to AI, plans to fully abandon crypto mining by 2027 as miners convert to AI en masse — Bitfarm to leverage 341 megawatt capacity for AI following $46 mil...
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
Credit: Getty / Valeria Mongelli Major Bitcoin mining firm Bitfarm has announced that it will pivot its business from cryptocurrency to AI data center services by 2027. Although it's not the largest crypto mining firm in the U.S., it still has a sizeable operation with 12 data centers dedicated to Bitcoin mining. According to Decrypt , the company's current energy capacity sits at 341 megawatts (MW), which it could take advantage of to deploy several thousand Nvidia GB300 NVL72 server racks. “We continue executing on our HPC/AI infrastructure development strategy with a fully funded supply chain and plan to convert our Washington site to support Nvidia GB300s with state-of-the-art liquid cooling,” said Bitfarms CEO Ben Gagnon in a statement to Decrypt . “Despite being less than 1% of our total developable portfolio, we believe that the conversion of just our Washington site to GPU-as-a-service could potentially produce more net operating income than we have ever generated with Bi
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BITF
News
- Bitfarms (TSX:BITF): Assessing Valuation After a Volatile 25% One-Month Pullback [Yahoo! Finance]Yahoo! Finance
- Bitfarms: Capitalizing On The Next Generation Of AI Data Centers [Seeking Alpha]Seeking Alpha
- Bitfarms (BITF) Jumps 12% as Market Sentiment Turns Upbeat [Yahoo! Finance]Yahoo! Finance
- Why Bitfarms (TSX:BITF) Is Up 43.0% After Announcing US$128M AI Data Center Pivot [Yahoo! Finance]Yahoo! Finance
- Analyst Confidence High in Bitfarms Ltd. (BITF) Following Q3 2025 Results [Yahoo! Finance]Yahoo! Finance
BITF
Sec Filings
- 11/17/25 - Form 6-K
- 11/13/25 - Form 6-K
- 11/13/25 - Form 6-K
- BITF's page on the SEC website