Bitfarms is making a bold move away from Bitcoin mining, announcing plans to transition its operations towards artificial intelligence (AI) data centers. The company has secured $128 million in funding to support these ambitious infrastructure upgrades. This strategic shift comes after declining Bitcoin profitability has prompted Bitfarms to explore alternative revenue streams. While the announcement generated market volatility with a 18% drop in stock price, industry experts see it as an indicator of larger trends in the cryptocurrency sector. Bitfarms’ initial focus on AI and high-performance computing will begin with their Washington facility. The company is targeting full conversion by December 2026.