IMPORTANT POINTS:
- Bitfarms will stop mining Bitcoin between 2026 and 2027 to focus on AI infrastructure.
- Its Washington center could generate more revenue than its entire previous mining operation.
- The strategic pivot occurs amid a sharp pullback in crypto mining stocks.
The company Bitfarms, one of the public giants of Bitcoin mining, has announced an unprecedented strategic transformation: it will progressively leave Bitcoin mining to focus on the development of high-performance computing (HPC) infrastructure and artificial intelligence (AI) technologies.
The announcement was made public this Thursday during the presentation of the financial report for the third quarter of 2025, where the company revealed net losses of $46 million, almost double what was recorded in the same period of 2024. The figures reflect the growing challenges of the sector: greater network difficulty, volatility in energy costs and increasingly fierce competition for block rewards.
From blockchain
Ben Gagnon, CEO of Bitfarms, explained that the future of the company is now linked to the rise of artificial intelligence. Specifically, it highlighted plans to retrofit its data center in Washington with liquid cooling technology to operate Nvidia GB300 chips. Although this headquarters represents less than 1% of the company’s total infrastructure, Bitfarms estimates that it could generate greater revenue than its entire historical Bitcoin mining operation.
Energy advantage to lead the new era
Bitfarms operates 12 data centers in North America with a combined capacity of 341 megawatts (MW). This energy base, previously key to its mining success, now becomes a decisive asset to meet the growing energy demand required by AI systems. In fact, the firm has already secured financing of $300 million to convert its center in Panther Creek, Pennsylvania.
Crypto market on the decline and new horizons
The announcement coincided with a difficult day for stocks in the crypto sector. Bitfarms fell 18% in the stock market, deepening a 51% loss in the last month. Even so, its strategic shift could lead the way for other companies in the sector that are facing declining profitability in mining and are beginning to see a more profitable and sustainable opportunity in artificial intelligence.
