Bitcoin Magazine
Bitcoin Miner Bitfarms (BITF) to Exit Bitcoin Mining, Pivot to AI Computing
Bitfarms, one of North America’s largest Bitcoin miners, announced it will gradually wind down its mining operations over the next two years.
The company plans to shift its focus to high-performance computing (HPC) and artificial intelligence (AI) infrastructure.
The move reflects a broader trend among crypto miners. Falling Bitcoin prices and shrinking profit margins are pushing operators to explore more stable revenue streams. Bitfarms’ Toronto-based operations will increasingly target GPU-as-a-Service offerings and cloud computing solutions.
The company’s Washington State facility will be its first fully converted site. The 18 MW mining farm will be retrofitted to support Nvidia GB300 GPUs with advanced liquid cooling.
Bitfarms has secured a fully funded, $128 million deal with a major U.S.-based data center partner to supply all necessary equipment and building mate
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