Bitfarms (BITF) Started Selling All of Its Bitcoin, Pivoting Fully to AI Infrastructure
Bitfarms is selling its Bitcoin holdings and transitioning to AI infrastructure development, aiming to eliminate Bitcoin from its balance sheet.Summary
Bitfarms, a Nasdaq-listed company, has begun selling its Bitcoin holdings and plans to fully transition to AI infrastructure. CEO Ben Gagnon stated the company will eventually hold no Bitcoin. The company held 1,827 BTC and generated $28.2 million in gains from sales in 2025. Bitfarms is developing a 2.2 gigawatt infrastructure pipeline across North America to support AI workloads, expecting revenue from this sector by 2027. This shift reflects a broader trend in the mining sector, driven by tighter margins, competition, and the impact of Bitcoin halving cycles. Bitfarms is also undergoing a corporate overhaul, including a redomiciliation to the U.S. and a rebrand to Keel Infrastructure (ticker KEEL). Despite a 72% revenue increase to $229 million in 2025, the company reported a net loss of $284 million, largely due to the volatility of its digital asset holdings, reinforcing the move towards a more stable revenue model.
(Source：Bitcoin Magazine)