Bitfarms Continues Bitcoin Sales as It Transitions to AI Infrastructure
Bitfarms is moving steadily away from bitcoin mining, confirming ongoing sales of its BTC holdings as it reallocates capital toward AI-driven data center infrastructure.
The company reported $28.2 million in realized gains from bitcoin sales in 2025, underscoring active divestment. While it has not disclosed the exact volume sold, management indicated that further reductions are planned. Data from BitcoinTreasuries.net shows Bitfarms currently holds 1,827 BTC.
CEO Ben Gagnon said the company ultimately aims to eliminate its bitcoin exposure. During the fourth-quarter earnings call, he noted that sales will be carried out opportunistically during periods of price strength, while mining operations will continue in the near term to maximize cash flow before a gradual wind-down.
The shift reflects a broader industry trend, with mining companies increasingly redeploying power and infrastructure toward high-performance computing and artificial intelligence workloads.
Bitfarms is advancing a 2.2-gigawatt pipeline across North America and is targeting initial AI-related revenue by 2027, according to its 2025 full-year results.
The company is also undergoing a structural transition, with shareholders approving a U.S. re-domiciliation and a rebrand to Keel Infrastructure. The move is expected to close around April 1, 2026, with shares set to trade under the ticker KEEL.
BITF shares rose 4.6% on Tuesday, tracking broader gains in AI infrastructure stocks.
