Bitfarms stock rises 5% after posting $284 million net loss in AI transition year
Bitfarms' stock increased by 5% following the announcement of a $284 million net loss due to its shift towards AI infrastructure.Summary
Bitfarms experienced a 5% rise in its stock price after reporting a $284 million net loss for 2025, a result of its strategic transition from Bitcoin mining to AI and high-performance computing (HPC) infrastructure. CEO Ben Gagnon described this move as a “deliberate and consequential transformation.” The company, soon to rebrand as Keel Infrastructure, plans to fully exit its Bitcoin mining operations. While revenue increased by 72% year-over-year to $229 million, operating losses reached $150 million, and losses from continuing operations totaled $209 million. Keel Infrastructure will focus on leasing power-secured sites to AI customers, with a 2.2 gigawatt development pipeline planned across multiple sites and initial revenue expected by 2027. The company currently holds $520 million in liquidity and intends to strategically sell its Bitcoin holdings as it transitions.
(Source：The Block)