The post Bitfarms (BITF) Abandons Bitcoin Strategy, Shifts Focus to AI Infrastructure appeared on BitcoinEthereumNews.com.

Key Highlights CEO Ben Gagnon stated Bitfarms will liquidate its entire bitcoin position, selling assets “opportunistically into strength” Bitcoin sales in 2025 generated $28.2 million in realized profits, with 1,827 BTC remaining in reserves Company developing 2.2 gigawatt AI and high-performance computing infrastructure across North America, with revenue projected from 2027 Shareholder vote approved U.S. redomiciliation and rebrand to Keel Infrastructure (KEEL), effective approximately April 1, 2026 Annual revenue reached $229 million in 2025 (72% year-over-year increase) despite recording a $284 million net loss Bitfarms is executing one of the industry’s most dramatic strategic transformations. The mining company is liquidating its entire bitcoin treasury and redirecting resources toward AI data center development — a shift the CEO discussed openly. Bitfarms Ltd., BITF “In time, we will have no bitcoin,” CEO Ben Gagnon stated during Tuesday’s Q4 earnings discussion. Data from BitcoinTreasuries.net shows the firm currently maintains 1,827 BTC, a position it has begun systematically reducing. Throughout 2025, Bitfarms realized $28.2 million in gains from strategic bitcoin sales. Leadership intends to continue opportunistic selling during favorable market conditions while maintaining mining operations to extract remaining cash flow before eventual operational wind-down. The transformation extends beyond asset liquidation — it represents a fundamental business reinvention. Bitfarms is constructing a 2.2 gigawatt data center portfolio spanning facilities in Pennsylvania, Washington, and Québec. Revenue generation from AI-focused operations is targeted to commence in 2027. Financial positioning supports this ambitious transition. Bitfarms disclosed approximately $520 million in combined liquidity as of March 27, encompassing both cash reserves and bitcoin assets. The company also eliminated its $100 million Macquarie credit facility, streamlining its financial structure before entering the capital-intensive construction phase. Corporate Rebrand and Strategic Repositioning The strategic overhaul includes comprehensive corporate restructuring. Following shareholder approval, the company will relocate from Canadian to U.S. domicile and…

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Filed under: News - @ March 31, 2026 7:28 pm