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Bitfarms Bets on AI, Plans to Sell All Bitcoin Holdings

31 March, 2026.Crypto.5 sources

Key Takeaways

Bitfarms plans to sell all 1,827 BTC to fund an AI-focused pivot.
Pivoting from mining to AI HPC data centers; pursuing North American footprint and Keel rebrand.
Management continues monetizing remaining Bitcoin holdings to support the AI transition.

Strategic Pivot

Bitfarms is aggressively exiting Bitcoin mining.

“Bitfarms targets zero bitcoin on the balance sheet as it pivots to AI The company is actively selling bitcoin and redeploying capital into AI-focused data centers as part of a broader transformation away from mining”

@coindesk

Management confirmed it has begun selling bitcoin reserves.

@coindesk

The company reported $28.2 million in realized gains from sales during 2025.

Re-Domiciliation and Capital Deployment

Bitfarms is re-domiciling from Canada to the United States.

The company aims to fund the AI shift by selling bitcoin.

Bitcoin News

CEO Ben Gagnon cited significant institutional interest.

Financials and Execution Risks

Bitfarms generated $28.2 million in realized gains from bitcoin sales.

“Bitfarms to Sell Entire Bitcoin (BTC) Holdings Amid AI Pivot Summary - Nasdaq-listed Bitfarms said it plans to sell all of its roughly 1,827 BTC holdings”