- Bitcoin miner BitFarms has introduced that it’ll fully wind down all Bitcoin mining operations by 2027 with a view to abandon its core enterprise and concentrate on AI/HPC infrastructure.
- Market Response: The inventory (BITF) fell 18% to $2.60 on the information, extending its decline in a single month to greater than 51%.
- With the AI computing market projected to succeed in $200 billion, Bitfarms is at present transitioning from its 18-megawatt Washington website to a “GPU-as-a-Service” mannequin.
BitFarms, as soon as generally known as one in all North America’s most outstanding Bitcoin miners, has introduced a dramatic strategic shift, shutting down its Bitcoin mining operations and pivoting completely to excessive efficiency computing (HPC) and synthetic intelligence (AI) infrastructure.
The transfer, introduced together with its newest earnings report, brought about the corporate’s inventory to plummet, plummeting 18% to $2.60 on Thursday, persevering with a one-month drop of greater than 51%.
Important withdrawal from Bitcoin mining
The corporate has confirmed that it’ll wind down all Bitcoin mining actions from 2026 to 2027 after almost a decade in enterprise. This resolution was a results of elevated monetary strain and declining revenue margins throughout the mining sector.
In Q3 2025, Bitfarm reported a internet lack of $46 million, almost double the $24 million loss it recorded in Q3 2024. Causes for this embrace elevated working prices, decreased profitability for miners after the Bitcoin halving, and decreased BTC mining rewards.
Washington Website: First absolutely transformed AI facility
BitFarms’ 18-megawatt website in Washington state would be the firm’s flagship HPC/AI information middle. Scheduled for completion in December 2026, the ability will characteristic as much as 190 kW per rack, a sophisticated liquid cooling system, and a validated design optimized for Nvidia’s next-generation GB300 GPUs.
A brand new $128 million contract with a significant U.S. infrastructure supplier will fund {hardware}, supplies and development. The location is anticipated to attain a wonderful PuE (Energy Utilization Effectivity) of 1.2 to 1.3.
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Though the Washington website represents lower than 1% of BitFarms’ huge portfolio of two.1 GW of vitality and developable vitality belongings, the corporate believes its GPU-as-a-Service mannequin there might turn into a basic income stream.
Why AI and never Bitcoin?
After the Bitcoin halving in 2024, the corporate’s mining value for a single BTC soared to greater than $48,000. In the meantime, the AI computing market is rising explosively and is anticipated to draw greater than $200 billion in funding this yr alone.
AI coaching firms, information middle operators, and enterprise cloud suppliers are on the lookout for infrastructure with excessive energy, cooling, and rack density. These are areas the place Bitcoin miners dominate. A number of miners, together with IREN and Core Scientific, have additionally began transitioning to AI.
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