Bitfarms Will 'Wind Down' Bitcoin Mining and Pivot to AI After $46 Million Loss
In brief
Publicly traded Bitcoin miner Bitfarms posted a $46 million loss in Q3.
The firm is beginning a transition out of the mining business, shifting focus to providing infrastructure for AI compute.
Bitcoin mining operations will be wound down over 2026-2027.
Publicly traded Bitcoin miner Bitfarms will wind down its BTC operations and pivot to AI infrastructure, the firm announced on Thursday. The announcement comes alongside the firm’s third-quarter earnings, in which it posted a net loss o...
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