North America’s leading mining company, Bitfarms, has announced a major shift in strategy. The company will completely end its Bitcoin mining operations within the next two years and transition all facilities towards AI and high-performance computing (HPC) data centers. 🌎
A groundbreaking move marks the first step of this transformation at the 18-megawatt facility in Washington state, which will be dedicated entirely to AI and HPC infrastructure by December 2026.
Bitfarms aims to capitalize on the growing global demand for these technologies while diversifying its operations. The company cites declining profitability and rising operational costs within the mining industry as catalysts for this strategic shift, alongside the accelerating market demand for AI hardware and data center services.