Bitfarms2026-07-03 23:00:14Bitfarms to Wind Down Bitcoin Mining and Shift Toward AI Compute InfrastructureBitfarms, one of North America’s largest Bitcoin miners, has announced a multi-year plan to gradually scale back its Bitcoin mining business and reorient the company toward high-performance computing and AI infrastructure. The first major conversion will take place at its Washington State site, an 18 MW mining facility that will be retrofitted for Nvidia GB300 GPUs and advanced liquid cooling. The company has also secured a fully funded $128 million agreement with a major U.S. data center partner, with completion targeted for December 2026. The move reflects a wider trend across the mining industry, where weaker Bitcoin prices and tighter margins are pushing operators to seek more predictable revenue through GPU-as-a-Service, colocation, and cloud offerings. At the same time, Bitfarms remains under financial pressure, having reported a $46 million third-quarter loss on $68 million in revenue, and the transition still carries meaningful risks around execution, project timing, hardware performance, and the long-term economics of AI compute services.580
crypto miners2026-06-20 03:00:53Crypto Miners Turn to AI Infrastructure as Valuations Begin to SplitCrypto mining companies are accelerating their shift into AI infrastructure as mining profitability continues to shrink. Their existing power, land and cooling resources give them an entry point into the AI computing market, but high spending, low profitability and widening valuation gaps remain key issues.410
