Bitfarms Secures 2 GW AI Pipeline, $520 M Liquidity and Plans $123 M Bitcoin Sale
Bitfarms has secured over 2 GW of North American AI/HPC pipeline, $520 million liquidity and 99% shareholder support for its pivot from Bitcoin mining to colocation and AI data centers, while awaiting permits expected by late summer. The company plans to sell its remaining 1,827 BTC, valued at $123 million, to achieve zero Bitcoin exposure.
1. Pivot to AI Infrastructure
Bitfarms secured over 2 GW of AI and HPC infrastructure projects across key North American markets, including Pennsylvania, Washington and Quebec, following 99% shareholder approval for the pivot from Bitcoin mining to pure-play colocation services.
2. Bitcoin Holdings Disposal
The company plans to sell its remaining 1,827 BTC holdings, valued at $123 million, building on $28.2 million of realized gains in 2025, to fully exit cryptocurrency exposure and focus on AI data centers.
3. Permitting and Lease Execution Strategy
Permitting for multiple development sites remains a critical path, with full approvals expected by mid- to late summer, while lease terms are being structured to prioritize notice to proceed over early commitments with investment-grade counterparties.
4. Financial Position and Redomiciling
With $520 million in liquidity and a redomicile to the U.S. pending, Bitfarms aims to strengthen its balance sheet flexibility and qualify for inclusion in major U.S. indices such as the Russell 1000 and 3000.