Bitfarms Abandons Bitcoin Mining in Favor of AI Infrastructure
The post Bitfarms Abandons Bitcoin Mining in Favor of AI Infrastructure appeared on BitcoinEthereumNews.com.
Bitcoin miner Bitfarms is abandoning its core business, announcing a full wind-down of all Bitcoin mining operations by 2027 to pivot to AI/HPC infrastructure. The Market Reaction: The stock (BITF) crashed 18% to $2.60 on the news, extending its one-month collapse to over 51%. Bitfarms is now shifting to a “GPU-as-a-Service” model, starting with its 18-megawatt Washington site, as the AI compute market is projected to hit $200B. Bitfarms, once known as one of North America’s most prominent Bitcoin miners, has announced a dramatic shift in strategy, shutting down its Bitcoin mining operations and pivoting fully into high‑performance computing (HPC) and artificial intelligence (AI) infrastructure. The move, revealed alongside its latest earnings report, triggered a sharp sell‑off in the company’s stock, which tanked 18% on Thursday to $2.60, extending a month‑long collapse of more than 51%. A Major Exit From Bitcoin Mining The company confirmed it will wind down all Bitcoin mining activity through 2026 and 2027 after being in the business for nearly a decade. The decision was a result of increasing financial pressures and thin margins across the mining sector. In Q3 2025, Bitfarms reported a net loss of $46 million, nearly double the $24 million loss posted in Q3 2024. Reasons include higher operating costs, reduced miner profitability after the Bitcoin halving, and declining BTC mining rewards. The Washington Site: First Fully Converted AI Facility Bitfarms’ 18‑megawatt site in Washington State will be the company’s flagship HPC/AI data center. Scheduled for completion in December 2026, the facility will feature up to 190 kW per rack, advanced liquid‑cooling systems, and validated designs optimized for Nvidia’s next‑generation GB300 GPUs. NEW: 🚨 Bitfarms PLUNGES 18% after announcing it will shut down #Bitcoin mining and pivot fully into AI data centers starting with a $128M GPU build in Washington. Mining margins…
Filed under: News - @ November 14, 2025 4:28 pm