"Bitfarms has confirmed it is selling its bitcoin holdings and plans to have no bitcoin on its balance sheet in the future, indicating a phased exit strategy. CEO Ben Gagnon stated, 'In time, we will have no bitcoin.' This approach allows the company to sell into market strength while extracting cash flow from its mining operations."
"The company held 1,827 BTC as of its latest disclosure and generated $28.2 million in realized gains from bitcoin sales in 2025. The transition to AI and high-performance computing infrastructure is expected to begin generating revenue contributions by 2027, reflecting a broader trend in the mining sector."
"Bitfarms is building a 2.2 gigawatt development pipeline across North America, with sites in Pennsylvania, Washington, and Québec. This infrastructure is designed to support AI-driven workloads, offering steadier demand compared to the volatility of bitcoin prices."
Bitfarms is transitioning away from bitcoin mining, planning to sell all its bitcoin holdings over time. The company aims to focus on artificial intelligence and high-performance computing infrastructure, with a 2.2 gigawatt development pipeline across North America. This shift is driven by tighter margins and rising competition in the mining sector. Bitfarms has already realized $28.2 million in gains from bitcoin sales in 2025. The company is also undergoing a corporate overhaul, including a rebranding to Keel Infrastructure and a move from Canada to the United States.
Read at Bitcoin Magazine
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