Bitcoin miner Bitfarms (BITF) continued its exit from the bitcoin enterprise, confirming that it has already began promoting components of its holdings, with plans to proceed doing in order it pivots towards synthetic intelligence infrastructure.
The corporate generated $28.2 million in realized income from bitcoin gross sales in 2025, indicating energetic disposals through the 12 months. Whereas the corporate has not revealed the precise variety of cash offered, administration made it clear that extra gross sales are deliberate. Based on BitcoinTreasuries.web, Bitfarms at the moment holds 1,827 BTC.
“Ultimately, we can’t have bitcoins,” CEO Ben Gagnon mentioned on the corporate’s fourth-quarter earnings convention name Tuesday. He added that Bitfarms will promote bitcoins “opportunistically to strengthen them” and can proceed to run mining operations to “maximize free money movement earlier than promoting to miners.” The method goals for a gradual discount quite than an instantaneous liquidation.
The change displays a broader pattern throughout the bitcoin mining sector, the place firms are repurposing vitality infrastructure for high-performance computing and synthetic intelligence workloads. Bitfarms is advancing a 2.2 gigawatt growth pipeline in North America and focusing on AI-driven income beginning in 2027, in keeping with its full-year 2025 outcomes.
The corporate can also be present process a structural change, as shareholders accepted a US redomiciliation and rebranding to Keel Infrastructure (KEEL), which is predicted to shut round April 1, 2026, with shares buying and selling underneath the image KEEL.
BITF shares rose 4.6% on Tuesday together with a normal rally in AI infrastructure shares.
