Bitfarms Deepens Shift to AI, Continues to Reduce Bitcoin Exposure
Bitfarms is pressing ahead with its transition away from bitcoin mining, confirming ongoing sales of its BTC holdings as it reallocates capital toward AI-driven infrastructure.
The company reported $28.2 million in realized gains from bitcoin sales in 2025, highlighting active divestment throughout the year. While it has not disclosed the exact volume sold, management made clear that further reductions are expected. Data from BitcoinTreasuries.net shows the company still holds 1,827 BTC.
CEO Ben Gagnon said Bitfarms ultimately plans to eliminate its bitcoin position entirely. On the fourth-quarter earnings call, he noted that the company will continue selling into market strength while maintaining mining operations in the near term to maximize cash flow ahead of a gradual exit.
The move reflects a broader repositioning across the mining sector, where companies are increasingly redirecting power and infrastructure toward high-performance computing and artificial intelligence workloads.
Bitfarms is developing a 2.2-gigawatt pipeline across North America and aims to begin generating AI-related revenue by 2027, according to its 2025 full-year results.
Alongside the operational shift, the company is undergoing a corporate transformation. Shareholders have approved a U.S. re-domiciliation and rebrand to Keel Infrastructure, with the transition expected to close around April 1, 2026. The company’s shares will trade under the ticker KEEL.
BITF stock rose 4.6% on Tuesday, supported by broader strength in AI infrastructure names.
