• 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…

Read The Full Article Bitfarms to Wind Down Bitcoin Mining by 2027, Shift Focus to AI Infrastructure On Coin Edition.

• 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…

Read The Full Article Bitfarms to Wind Down Bitcoin Mining by 2027, Shift Focus to AI Infrastructure On Coin Edition.