Search results for Bitfarms
Crypto
Bitcoin miners increasingly exit mining as funds flow into AI and HPC
Bitcoin mining companies are increasingly shutting down mining operations and shifting to AI and high-performance computing infrastructure businesses as mining profitability deteriorates and demand for AI data centres surges. Some listed miners have effectively stopped mining, unwound equipment contracts and sold bitcoin holdings. The shift is reflected in a fall in network hashrate. Large AI and HPC deals have drawn capital, while market valuations diverge between miners with and without such contracts.
Crypto
Coinbase, Strike CEOs rebut concerns over bitcoin capital and power shift
Bitcoin advocates rebutted claims by Social Capital CEO Chamath Palihapitiya that speculative money is shifting from bitcoin to prediction and equity markets and that mining power could generate 10 to 20 times more value if redirected to AI token services. Coinbase CEO Brian Armstrong disputed linking mining energy to price, while Strike CEO Jack Mallers said such flows were not bitcoin-loyal demand. Others called the trends cyclical or self-correcting.
Crypto
Bitfarms to sell all bitcoin holdings as it shifts to AI business
Bitfarms plans to keep selling its bitcoin holdings until they fall to zero on its balance sheet, as it shifts its business focus to AI and high-performance computing infrastructure. The company has already begun selling part of its holdings and expects more sales. It posted realised gains of $28.2 million from bitcoin sales in 2025. Shareholders also approved moving its corporate domicile to the United States and rebranding as Keel Infrastructure, with shares to trade under the KEEL ticker.
