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Bitfarms Shifts from Bitcoin to AI Data Centers by 2027

11/16/2025

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Summary

Story summary

Bitfarms plans to pivot from Bitcoin mining to artificial intelligence (AI) data centers by 2027, using 341 MW.
Bitfarms' chief executive officer Ben Gagnon says converting its Washington site could yield more income than Bitcoin mining.
Shares rose 143% over six months, but analysts warn of a weaker outlook due to rising losses per share.
The AI pivot is capital-intensive and faces competition from Marathon Digital and Riot Platforms.

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Story summary

Bitfarms plans to pivot from Bitcoin mining to artificial intelligence (AI) data centers by 2027, using 341 MW.
Bitfarms' chief executive officer Ben Gagnon says converting its Washington site could yield more income than Bitcoin mining.
Shares rose 143% over six months, but analysts warn of a weaker outlook due to rising losses per share.
The AI pivot is capital-intensive and faces competition from Marathon Digital and Riot Platforms.