Crypto01 April, 20261 min read
Bitfarms Pivots From Bitcoin Mining to AI Infrastructure, Plans No BTC Holdings
Bitfarms pivots from mining to AI infrastructure and North American HPC data centers. It is actively selling bitcoin with goal of zero BTC on its balance sheet.
Crypto Miner Exits Bitcoin
Bitfarms announced plans to eliminate bitcoin holdings entirely. The company generated $28.2 million in realized gains from bitcoin sales in 2025.
Bitfarms currently holds approximately 1,827 BTC. The transition includes repurposing infrastructure for HPC and AI workloads.
Financial Challenges Persist
Bitfarms reported a widened net loss of $284.5 million for 2025. Costs of revenue totaled $248 million, leading to a gross loss. Bitcoin difficulty increased 58.5% since the last halving event.
Re-Domiciliation and Rebrand
Bitfarms is executing a U.S. re-domiciliation and rebrand to Keel Infrastructure. Shareholders have approved the move. Keel will operate as a landlord-style infrastructure developer.
Sector-Wide Shift
Bitfarms' transition exemplifies a broader sector trend. Companies are pivoting away from volatile crypto revenue. Bitfarms aims to contribute AI-driven revenue beginning in 2027.