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📢 Bitfarms Launches Major Stock Buyback – Signals Confidence in Undervalued Potential!
According to Odaily, Bitcoin mining giant Bitfarms (BITF) is kicking off a bold stock buyback program starting July 28, with plans to repurchase up to 50 million shares—roughly 10% of its total float—across the Nasdaq and Toronto Stock Exchange. 📊💼
CEO Ben Gagnon believes Bitfarms is undervalued by the market and says investors haven't fully priced in the company’s growing strength in Bitcoin mining and AI-driven high-performance computing (HPC).
This move also signals Bitfarms’ broader vision: tapping into U.S. energy infrastructure to build out cutting-edge AI infrastructure—a strategic play as crypto and AI worlds continue to converge. ⚡🤖
#Bitfarms #BitcoinMining #StockBuyback #CryptoNews #BITF
According to Odaily, Bitcoin mining giant Bitfarms (BITF) is kicking off a bold stock buyback program starting July 28, with plans to repurchase up to 50 million shares—roughly 10% of its total float—across the Nasdaq and Toronto Stock Exchange. 📊💼
CEO Ben Gagnon believes Bitfarms is undervalued by the market and says investors haven't fully priced in the company’s growing strength in Bitcoin mining and AI-driven high-performance computing (HPC).
This move also signals Bitfarms’ broader vision: tapping into U.S. energy infrastructure to build out cutting-edge AI infrastructure—a strategic play as crypto and AI worlds continue to converge. ⚡🤖
#Bitfarms #BitcoinMining #StockBuyback #CryptoNews #BITF
Bitfarms Bleeds $36M as It Ditches Bitcoin Mining for AI Power Play
Is this the future of mining?
Canadian Bitcoin miner Bitfarms just reported a $36 million loss in Q1 2025 — a sharp increase from the $6M loss in the same quarter last year. Why? They’re shifting gears from BTC mining to AI infrastructure!
The crypto world’s been a rollercoaster:
Bitcoin price swings from $100K ➡️ $80K ➡️ $103K, combined with the April 2024 halving, have crushed mining profits.
Now, Bitfarms is following the wave:
From mining rigs to AI servers.
Here’s what’s happening:
⚡ Revenue is up 33% YoY to $67M
⚠️ Profit margins dropped from 63% to 43%
📉 Stock fell to $1.09, far from its 52-week high
CEO Ben Gagnon says the company’s stable mining base is helping power its AI pivot. Bitfarms is investing in high-performance computing (HPC) for AI, including cloud services for training large language models.
Key moves:
✅ Sold Paraguay mining site to Hive Digital for $85M
✅ Secured $300M credit from Macquarie to fund a new AI data center in Pennsylvania
✅ Upgraded mining fleet for better efficiency
The company now takes inspiration from CoreWeave, which rebranded from mining to AI and hit 420% revenue growth in Q1 2025, now valued at $20B+!
Though Bitfarms stopped publishing monthly BTC reports, the shift shows confidence in the AI boom.
AI is energy-hungry. Miners are already power pros.
Could this be the ultimate transformation play?
Your thoughts — smart pivot or risky gamble?
#Bitfarms #BitcoinMining #AI #CryptoNews #BinanceSquare
Is this the future of mining?
Canadian Bitcoin miner Bitfarms just reported a $36 million loss in Q1 2025 — a sharp increase from the $6M loss in the same quarter last year. Why? They’re shifting gears from BTC mining to AI infrastructure!
The crypto world’s been a rollercoaster:
Bitcoin price swings from $100K ➡️ $80K ➡️ $103K, combined with the April 2024 halving, have crushed mining profits.
Now, Bitfarms is following the wave:
From mining rigs to AI servers.
Here’s what’s happening:
⚡ Revenue is up 33% YoY to $67M
⚠️ Profit margins dropped from 63% to 43%
📉 Stock fell to $1.09, far from its 52-week high
CEO Ben Gagnon says the company’s stable mining base is helping power its AI pivot. Bitfarms is investing in high-performance computing (HPC) for AI, including cloud services for training large language models.
Key moves:
✅ Sold Paraguay mining site to Hive Digital for $85M
✅ Secured $300M credit from Macquarie to fund a new AI data center in Pennsylvania
✅ Upgraded mining fleet for better efficiency
The company now takes inspiration from CoreWeave, which rebranded from mining to AI and hit 420% revenue growth in Q1 2025, now valued at $20B+!
Though Bitfarms stopped publishing monthly BTC reports, the shift shows confidence in the AI boom.
AI is energy-hungry. Miners are already power pros.
Could this be the ultimate transformation play?
Your thoughts — smart pivot or risky gamble?
#Bitfarms #BitcoinMining #AI #CryptoNews #BinanceSquare
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Bitfarms Expands the Game: From Bitcoin Mining to AI Race
The Bitcoin mining company Bitfarms has just completed the acquisition of Stronghold Digital Mining, a Bitcoin mining company in the US. With a deal value of 175 million USD, Bitfarms not only strengthens its position in Bitcoin mining but also aims for artificial intelligence (AI)—a rapidly developing field.
So, why is a Bitcoin mining company interested in AI?
🚀 Is Bitfarms changing the game?
So, why is a Bitcoin mining company interested in AI?
🚀 Is Bitfarms changing the game?
BITFARMS DUMPS $BTC MINING! Massive AI Pivot Will SHOCK The Market!
Forget everything you thought you knew about crypto mining! Bitfarms just dropped a bombshell, announcing a complete exit from $BTC mining by 2026-2027. Their new obsession? Going ALL IN on AI. This isn't just news; it's a massive industry earthquake. Major players are making their moves *now* to capture the next wave of profits. Are you watching from the sidelines, or are you positioned for the explosive growth in AI? The narrative is shifting, and the smart money follows. This is your chance to adapt, or get left behind. Don't miss out on this generational pivot!
Not financial advice. Do your own research.
#CryptoNews #AITrading #FOMO #MarketShift #Bitfarms
🚀
Forget everything you thought you knew about crypto mining! Bitfarms just dropped a bombshell, announcing a complete exit from $BTC mining by 2026-2027. Their new obsession? Going ALL IN on AI. This isn't just news; it's a massive industry earthquake. Major players are making their moves *now* to capture the next wave of profits. Are you watching from the sidelines, or are you positioned for the explosive growth in AI? The narrative is shifting, and the smart money follows. This is your chance to adapt, or get left behind. Don't miss out on this generational pivot!
Not financial advice. Do your own research.
#CryptoNews #AITrading #FOMO #MarketShift #Bitfarms
🚀
Bitfarms has announced plans to gradually wind down its Bitcoin mining operations, signaling a major strategic shift after reporting a $46 million loss. The company aims to pivot toward providing AI infrastructure, focusing on building data center capabilities tailored to machine learning and artificial intelligence workloads. This move reflects broader trends as some crypto miners reassess profitability amid rising energy costs and market volatility. By transitioning from mining to AI services, Bitfarms seeks to leverage its existing infrastructure while entering a high-demand tech sector. Investors will be watching closely as the company executes this long-term transformation. #Bitfarms #Bitcoin #AIInfrastructure
#Bitfarms Shifts Focus from Bitcoin to AI
Bitfarms has announced plans to exit Bitcoin mining in 2026 and 2027, redirecting its resources toward artificial intelligence expansion. This move reflects a broader trend, as more mining companies are expected to pivot toward AI by 2025 to diversify revenue streams beyond cryptocurrency. Early indicators show that stocks of miners transitioning from crypto to AI are outperforming traditional mining companies, signaling strong investor confidence in tech-driven diversification. As the industry evolves, AI is becoming a strategic growth avenue for former crypto-focused firms, redefining how mining companies generate value in a post-crypto landscape.$BTC
#Binance #StrategyBTCPurchase #MarketPullback #Write2Earn
Bitfarms has announced plans to exit Bitcoin mining in 2026 and 2027, redirecting its resources toward artificial intelligence expansion. This move reflects a broader trend, as more mining companies are expected to pivot toward AI by 2025 to diversify revenue streams beyond cryptocurrency. Early indicators show that stocks of miners transitioning from crypto to AI are outperforming traditional mining companies, signaling strong investor confidence in tech-driven diversification. As the industry evolves, AI is becoming a strategic growth avenue for former crypto-focused firms, redefining how mining companies generate value in a post-crypto landscape.$BTC
#Binance #StrategyBTCPurchase #MarketPullback #Write2Earn
🚨 Bitfarms Reports October 2024 Production and Operations Update 🚨
🔶 Introduction
As the cryptocurrency market continues to evolve, mining operations play a crucial role in the ecosystem. Bitfarms, a prominent player in the Bitcoin mining industry, has recently released its production and operations update for October 2024. This update sheds light on the company’s performance, operational strategies, and future outlook, providing valuable insights for investors and industry enthusiasts alike.
🔶 Record Bitcoin Production
In October 2024, Bitfarms achieved a significant milestone by producing an impressive 530 Bitcoin. This marks a substantial increase compared to previous months, reflecting the company’s commitment to optimizing its mining operations. The increase in production is attributed to enhanced efficiencies in mining hardware and improved energy management strategies. With Bitcoin prices remaining volatile, maintaining high production levels is critical for maximizing revenue.
🔶 Operational Efficiency Gains
Bitfarms has focused on operational efficiency as a cornerstone of its strategy. The company has made notable advancements in its mining fleet, incorporating the latest generation of mining rigs that offer higher hash rates and lower energy consumption. This technological upgrade has not only increased output but has also reduced operational costs, positioning Bitfarms favorably in a competitive market.
Moreover, the strategic relocation of mining equipment to regions with lower energy costs has further bolstered the company’s operational efficiency. By leveraging favorable energy prices, Bitfarms enhances its profit margins, enabling it to remain resilient against market fluctuations.
🔶 Sustainable Energy Initiatives
Sustainability remains a key priority for Bitfarms. The company has been actively investing in renewable energy sources to power its mining operations. In October, approximately 80% of Bitfarms’ energy consumption came from hydroelectric and other renewable sources. This commitment not only aligns with global sustainability trends but also positions Bitfarms as a leader in environmentally responsible mining practices.
As regulatory scrutiny around energy consumption in cryptocurrency mining increases, Bitfarms’ dedication to sustainable practices may enhance its reputation and appeal among environmentally conscious investors.
🔶 Financial Performance and Market Position
Bitfarms continues to demonstrate robust financial performance. The company reported revenues of $12 million for October, underscoring the direct correlation between Bitcoin production and revenue generation. With the recent price fluctuations in Bitcoin, Bitfarms remains vigilant in managing its inventory and strategic sales to optimize returns.
The company’s financial health is further supported by its strategic partnerships and expansion plans. Bitfarms has been exploring opportunities to expand its operations in emerging markets, allowing for greater scalability and diversification of its revenue streams.
🔶 Future Outlook
Looking ahead, Bitfarms remains optimistic about its growth trajectory. The company has set ambitious production targets for the upcoming months, aiming to increase its monthly Bitcoin output by 15% by the end of 2024. This growth will be driven by continued investments in technology and energy efficiency.
Furthermore, as the Bitcoin network continues to evolve with upcoming protocol upgrades and changes, Bitfarms is well-positioned to adapt and thrive. The company’s proactive approach to operational enhancements and sustainability will likely attract interest from both investors and partners.
🔶 Conclusion
Bitfarms’ October 2024 production and operations update highlights the company’s resilience and strategic positioning within the cryptocurrency mining landscape. With record production numbers, a strong focus on sustainability, and a commitment to operational efficiency, Bitfarms is setting a solid foundation for future growth. As the industry continues to mature, the company’s proactive strategies and innovations will be crucial in navigating the challenges and opportunities ahead. For investors and stakeholders, Bitfarms represents a compelling case study in the evolving world of cryptocurrency mining.
#Bitfarms #16thBTCWhitePaperAnniv #CryptoPreUSElection
As the cryptocurrency market continues to evolve, mining operations play a crucial role in the ecosystem. Bitfarms, a prominent player in the Bitcoin mining industry, has recently released its production and operations update for October 2024. This update sheds light on the company’s performance, operational strategies, and future outlook, providing valuable insights for investors and industry enthusiasts alike.
🔶 Record Bitcoin Production
In October 2024, Bitfarms achieved a significant milestone by producing an impressive 530 Bitcoin. This marks a substantial increase compared to previous months, reflecting the company’s commitment to optimizing its mining operations. The increase in production is attributed to enhanced efficiencies in mining hardware and improved energy management strategies. With Bitcoin prices remaining volatile, maintaining high production levels is critical for maximizing revenue.
🔶 Operational Efficiency Gains
Bitfarms has focused on operational efficiency as a cornerstone of its strategy. The company has made notable advancements in its mining fleet, incorporating the latest generation of mining rigs that offer higher hash rates and lower energy consumption. This technological upgrade has not only increased output but has also reduced operational costs, positioning Bitfarms favorably in a competitive market.
Moreover, the strategic relocation of mining equipment to regions with lower energy costs has further bolstered the company’s operational efficiency. By leveraging favorable energy prices, Bitfarms enhances its profit margins, enabling it to remain resilient against market fluctuations.
🔶 Sustainable Energy Initiatives
Sustainability remains a key priority for Bitfarms. The company has been actively investing in renewable energy sources to power its mining operations. In October, approximately 80% of Bitfarms’ energy consumption came from hydroelectric and other renewable sources. This commitment not only aligns with global sustainability trends but also positions Bitfarms as a leader in environmentally responsible mining practices.
As regulatory scrutiny around energy consumption in cryptocurrency mining increases, Bitfarms’ dedication to sustainable practices may enhance its reputation and appeal among environmentally conscious investors.
🔶 Financial Performance and Market Position
Bitfarms continues to demonstrate robust financial performance. The company reported revenues of $12 million for October, underscoring the direct correlation between Bitcoin production and revenue generation. With the recent price fluctuations in Bitcoin, Bitfarms remains vigilant in managing its inventory and strategic sales to optimize returns.
The company’s financial health is further supported by its strategic partnerships and expansion plans. Bitfarms has been exploring opportunities to expand its operations in emerging markets, allowing for greater scalability and diversification of its revenue streams.
🔶 Future Outlook
Looking ahead, Bitfarms remains optimistic about its growth trajectory. The company has set ambitious production targets for the upcoming months, aiming to increase its monthly Bitcoin output by 15% by the end of 2024. This growth will be driven by continued investments in technology and energy efficiency.
Furthermore, as the Bitcoin network continues to evolve with upcoming protocol upgrades and changes, Bitfarms is well-positioned to adapt and thrive. The company’s proactive approach to operational enhancements and sustainability will likely attract interest from both investors and partners.
🔶 Conclusion
Bitfarms’ October 2024 production and operations update highlights the company’s resilience and strategic positioning within the cryptocurrency mining landscape. With record production numbers, a strong focus on sustainability, and a commitment to operational efficiency, Bitfarms is setting a solid foundation for future growth. As the industry continues to mature, the company’s proactive strategies and innovations will be crucial in navigating the challenges and opportunities ahead. For investors and stakeholders, Bitfarms represents a compelling case study in the evolving world of cryptocurrency mining.
#Bitfarms #16thBTCWhitePaperAnniv #CryptoPreUSElection
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Miners in profit: Tesla lifts the market, Bitfarms and Hive soar
📌 Introduction: when Elon moves not only cars but also crypto
The market opened with sharp movements: Tesla surged after Elon Musk bought shares, and crypto mining companies followed suit. This is not just correlation — it's synchronization of sentiments: if large capital is on the rise, miners follow.
The market opened with sharp movements: Tesla surged after Elon Musk bought shares, and crypto mining companies followed suit. This is not just correlation — it's synchronization of sentiments: if large capital is on the rise, miners follow.
#BTCBackto100K #Mining #bitcoin #Bitfarms
My super bottom finder indicator on the weekly just flashed some days ago on Bitfarms. The bounce is now confirmed from the support trendline and the break of the falling wedge.. Def. Bullish on mining companies likes Bitfarms. $BITF
My super bottom finder indicator on the weekly just flashed some days ago on Bitfarms. The bounce is now confirmed from the support trendline and the break of the falling wedge.. Def. Bullish on mining companies likes Bitfarms. $BITF
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Bitfarms Abandons Bitcoin Mining to Shift Focus to AI: A Decision of Adaptation or Desperation
One of the most shocking strategic moves in the digital asset market recently comes from #Bitfarms , a publicly listed Bitcoin mining company. This company has just announced that it will cease Bitcoin mining operations in the coming years to completely shift focus to providing infrastructure for the rapidly growing demand for Artificial Intelligence (AI) computing. This decision is not only a change in the business model but also an indirect acknowledgment of the increasing challenges to the profit margins of traditional Bitcoin mining.
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Bitfarms Ceases Bitcoin Mining Due to Significant Losses: A Return to AI and HPC.
November 13, 2025 Bitfarms Ltd., one of the largest public Bitcoin miners in North America, announced a strategic shift: the company plans to gradually cease Bitcoin mining over the next two years and refocus on infrastructure for artificial intelligence (AI) and high-performance computing (HPC). This move, announced alongside third-quarter results, was a response to financial pressures in the industry.
🚨 Bitfarms Unveils $300M Convertible Note — Shares Slip Pre-Market ⚡
Despite a year-to-date surge of 315% fueled by its AI and high-performance computing (HPC) pivot, Bitfarms is raising $300M via a convertible note offering. Investors are reacting cautiously, sending shares lower in pre-market trading.
Keep an eye on $BITF — this move could reshape capital structure and influence short-term momentum. 💹
#Bitfarms #CryptoMining #altcoins #HPC #CryptoStocks
Despite a year-to-date surge of 315% fueled by its AI and high-performance computing (HPC) pivot, Bitfarms is raising $300M via a convertible note offering. Investors are reacting cautiously, sending shares lower in pre-market trading.
Keep an eye on $BITF — this move could reshape capital structure and influence short-term momentum. 💹
#Bitfarms #CryptoMining #altcoins #HPC #CryptoStocks
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📊 Top crypto stocks for today: Bitfarms, Galaxy Digital, and HIVE in focus! Hello, investors! According to the latest MarketBeat report on October 26, 2025, three stocks in the crypto sector worth watching are: Bitfarms (BITF) focusing on green mining, Galaxy Digital (GLXY) as a hedge fund in crypto, and HIVE Digital (HIVE) diversifying into AI. Bitfarms has grown by 15% over the week thanks to expansion in South America, Galaxy is breaking records in AUM ($10B+), and HIVE is integrating blockchain with cloud services. These are not just stocks — they reflect the maturity of the market: from pure mining to fintech. Downsides: volatility from BTC price and regulations. Read on for advice: diversify your portfolio 10–20% into such stocks for exposure to crypto without direct holding. What crypto stocks are on your watchlist? Share your forecasts and trades in the comments! Subscribe for daily stock updates — read, discuss, and grow together! #CryptoStocks #Bitfarms #GalaxyDigital #BTC #ETH
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⚡ BITFARMS CHANGES COURSE: FROM BITCOIN MINING TO ARTIFICIAL INTELLIGENCE ⚡
Bitfarms, one of the leading Bitcoin mining operators, has announced a strategic conversion plan that will gradually transform its operations.
Over the next two years, the company will progressively phase out mining operations to repurpose its infrastructure into data centers dedicated to artificial intelligence (AI) and high-performance computing (HPC).
The first site to complete this transition will be the 18-megawatt facility located in the State of Washington, which will be fully allocated to the new AI and HPC processing services by December 2026.
The decision reflects a growing trend among industry companies: to focus on more profitable sectors that are less subject to the volatility of the crypto market.
However, the announcement was not positively received by investors, with Bitfarms' stock experiencing a drop of about 18% immediately after the official communication.
#BreakingCryptoNews #Bitfarms #Mining
Bitfarms, one of the leading Bitcoin mining operators, has announced a strategic conversion plan that will gradually transform its operations.
Over the next two years, the company will progressively phase out mining operations to repurpose its infrastructure into data centers dedicated to artificial intelligence (AI) and high-performance computing (HPC).
The first site to complete this transition will be the 18-megawatt facility located in the State of Washington, which will be fully allocated to the new AI and HPC processing services by December 2026.
The decision reflects a growing trend among industry companies: to focus on more profitable sectors that are less subject to the volatility of the crypto market.
However, the announcement was not positively received by investors, with Bitfarms' stock experiencing a drop of about 18% immediately after the official communication.
#BreakingCryptoNews #Bitfarms #Mining
⛏️ $BTC #Bitfarms has announced plans to cease its Bitcoin mining activities within the next two years and convert its facilities into data centers specializing in AI and high-performance computing (HPC).
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The mining company #Bitfarms announced that over the next two years it plans to completely cease its bitcoin mining operations and redirect its focus towards creating infrastructure for high-performance computing (#HPC ) and artificial intelligence applications (#Aİ ).
Among the reasons are the decrease in mining profitability due to falling Bitcoin prices $BTC and rising energy costs. In particular, the debt of bitcoin miners has risen to $12.7 billion.
In turn, Bitfarms reported a net loss of $46 million for Q3 on revenues of $68 million, reflecting the market's complexity after the profitability of mining decreased.
Bitfarms announced that its facility in Washington (USA) will become the first site to be fully repurposed for HPC/AI workloads. The capacity of the facility will be 18 MW, and the completion of work is scheduled for December 2026. The new data center will support liquid cooling and graphics processors #NVIDIA GB300, which are designed for AI tasks and scientific computations.
#BTCmaining
Among the reasons are the decrease in mining profitability due to falling Bitcoin prices $BTC and rising energy costs. In particular, the debt of bitcoin miners has risen to $12.7 billion.
In turn, Bitfarms reported a net loss of $46 million for Q3 on revenues of $68 million, reflecting the market's complexity after the profitability of mining decreased.
Bitfarms announced that its facility in Washington (USA) will become the first site to be fully repurposed for HPC/AI workloads. The capacity of the facility will be 18 MW, and the completion of work is scheduled for December 2026. The new data center will support liquid cooling and graphics processors #NVIDIA GB300, which are designed for AI tasks and scientific computations.
#BTCmaining
Top crypto news for May 15 — Telegram shuts down Huione scams, Pareto launches a high-yield synthetic stablecoin, Bitfarms pivots to AI after losses, a Bitcoin NFT founder faces fraud claims, BTCS raises $57M for ETH staking, and Multichain shuts down after losing in court.
#CryptoNews #Telegram #Huione #Pareto #Stablecoin #Bitfarms #AIMining #BitcoinNFT #BTCS #Ethereum #Multichain #CryptoUpdate #May2025
#CryptoNews #Telegram #Huione #Pareto #Stablecoin #Bitfarms #AIMining #BitcoinNFT #BTCS #Ethereum #Multichain #CryptoUpdate #May2025
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Hive Digital Spends 85 Million USD to Purchase Bitcoin Mining Site in Paraguay, Triples Mining Capacity
A major deal between two Bitcoin mining giants
The Bitcoin mining company #HiveDigitalTechnologies has just announced a deal to acquire the mining facility of #Bitfarms in Yguazú, Paraguay for a total value of 85 million USD, including related financial obligations.
This transaction includes:
56 million USD to acquire infrastructure. 19 million USD to reimburse the deposit for the power purchase commitment. 10 million USD for remaining capital obligations.
Increasing capacity more than 3 times
The Bitcoin mining company #HiveDigitalTechnologies has just announced a deal to acquire the mining facility of #Bitfarms in Yguazú, Paraguay for a total value of 85 million USD, including related financial obligations.
This transaction includes:
56 million USD to acquire infrastructure. 19 million USD to reimburse the deposit for the power purchase commitment. 10 million USD for remaining capital obligations.
Increasing capacity more than 3 times
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