Bitfarms (BITF) is getting out of the bitcoin business

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Bitfarms (BITF) is getting out of the bitcoin business
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The company is actively selling bitcoin and redeploying capital into AI-focused data centers as part of a broader transformation away from mining.

The company is actively selling bitcoin and redeploying capital into AI-focused data centers as part of a broader transformation away from mining.On its fourth-quarter earnings call, management indicated its intention to eventually sell off all of its BTC holdings.

The company is pivoting away from bitcoin mining towards a 2.2 GW AI and HPC data center pipeline, alongside a U.S. re-domiciliation and rebrand to Keel Infrastructure. Bitcoin miner Bitfarms continued its exit from the bitcoin business, confirming it has already begun selling portions of its holdings, with plans to continue doing so as it pivots toward AI infrastructure. The company generated $28.2 million in realized gains from bitcoin sales in 2025, signaling active disposals during the year. While the company has not disclosed the exact number of coins sold, management made clear that further sales are planned. According to "In time, we will have no bitcoin,” said CEO Ben Gagnon on the company's fourth-quarter earnings call Tuesday. He added that Bitfarms will sell bitcoin “opportunistically into strength” and is continuing to run mining operations to “maximize free cash flow before selling the miners.” The approach points to a gradual wind-down rather than an immediate liquidation., where companies are repurposing energy infrastructure for high-performance computing and AI workloads. Bitfarms is advancing a 2.2 gigawatt development pipeline across North America and targeting AI-driven revenue beginning in 2027, according to its 2025 full-year results. The company is also undergoing a structural shift, with shareholders approving a U.S. re-domiciliation and rebrand to Keel Infrastructure , expected to close around April 1, 2026, with shares set to trade under the ticker KEEL.As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all.With a few hours to go in March, bitcoin is down around 1% for the month and on track to match a rare six-month losing streak on only one other occasion.

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