Bitfarms will shut down its Bitcoin mining activities over two years, starting with its Washington site, and repurpose facilities into AI-driven high-performance computing centers to boost future revenue.
Bitfarms confirmed it will gradually wind down Bitcoin mining operations within two years and transform its sites into AI-focused high-performance computing centers. The transition will begin with the Washington facility, which will be repurposed for advanced computing workloads. The company expects greater revenue potential from these AI and HPC activities compared to past mining operations.