Bitfarms Dips 18% as It Shutters Bitcoin Mining for AI-What Could Go Wrong?
On Thursday, Bitfarms announced that its 18-megawatt Bitcoin mining site in the lovely state of Washington would be the first to undergo this dramatic transformation. The new AI and HPC (high-performance computing) venture is expected to be completed by December 2026. Apparently, the company’s very small Washington site (less than 1% of its total portfolio) will be the golden goose that keeps them afloat. Because, of course, transitioning from cryptocurrency to AI is the “best opportunity” for any Bitcoin miner. Who wouldn’t want to throw away all that lovely crypto mining revenue in favor of more “advanced” data centers?


