Bitfarms to Liquidate Bitcoin Holdings for AI Shift

Bitfarms Ltd., a Canadian-based bitcoin mining company, announced plans Tuesday to fully liquidate its bitcoin holdings over time as it pivots toward artificial intelligence and high-performance computing infrastructure. The shift, detailed during the company's fourth-quarter earnings call, includes a rebranding to Keel Infrastructure and a move to U.S. domicile, with the transition expected to close around April 1, 2026.

Chief Executive Officer Ben Gagnon stated during the call that the company intends to reduce its bitcoin position to zero gradually. "In time, we will have no bitcoin," Gagnon said, adding that Bitfarms would sell holdings opportunistically during periods of market strength while continuing mining operations to maximize free cash flow before disposing of equipment. The company reported 28.2 million in realized gains from bitcoin sales throughout 2025 but did not specify the number of coins sold. As of recent data from BitcoinTreasuries.net, Bitfarms holds 1,827 bitcoin, valued at approximately 161 million.

This strategic overhaul comes amid 2025 financial results that showed revenue of 229 million, a 72 percent increase from the prior year, driven by mining...