Bitcoin miner Bitfarms (BITF) continued its exit from the bitcoin enterprise, confirming it has already begun promoting parts of its holdings, with plans to proceed doing in order it pivots towards AI infrastructure.
The corporate generated $28.2 million in realized features from bitcoin gross sales in 2025, signaling energetic disposals throughout the yr. Whereas the corporate has not disclosed the precise variety of cash bought, administration made clear that additional gross sales are deliberate. Based on BitcoinTreasuries.web, Bitfarms at present holds 1,827 BTC.
“In time, we may have no bitcoin,” mentioned CEO Ben Gagnon on the corporate’s fourth-quarter earnings name Tuesday. He added that Bitfarms will promote bitcoin “opportunistically into energy” and is constant to run mining operations to “maximize free money circulate earlier than promoting the miners.” The strategy factors to a gradual wind-down moderately than a direct liquidation.
The shift displays a broader development throughout the bitcoin mining sector, the place firms are repurposing power infrastructure for high-performance computing and AI workloads. Bitfarms is advancing a 2.2 gigawatt improvement pipeline throughout North America and concentrating on AI-driven income starting in 2027, in keeping with its 2025 full-year outcomes.
The corporate can also be present process a structural shift, with shareholders approving a U.S. re-domiciliation and rebrand to Keel Infrastructure (KEEL), anticipated to shut round April 1, 2026, with shares set to commerce underneath the ticker KEEL.
BITF shares are larger by 4.6% on Tuesday alongside a common rally within the AI infrastructure shares.
