Bitfarms plans to reduce its bitcoin balance to zero amid an AI pivot

Bitfarms Accelerates Bitcoin Exit as It Repositions Around AI Infrastructure

Bitfarms is stepping up its transition away from bitcoin mining, actively selling portions of its BTC holdings and redirecting capital toward AI-focused data center infrastructure.

The company reported $28.2 million in realized gains from bitcoin sales in 2025, confirming ongoing disposals. While it has not disclosed the exact volume sold, management signaled that further reductions are planned. Data from BitcoinTreasuries.net shows Bitfarms currently holds 1,827 BTC.

CEO Ben Gagnon said the company ultimately intends to fully exit its bitcoin holdings. “In time, we will have no bitcoin,” he said during the fourth-quarter earnings call, adding that sales will be executed opportunistically during periods of market strength. Bitfarms will continue operating its mining fleet in the interim to maximize cash flow before gradually divesting those assets as well.

The strategy reflects a broader shift within the mining sector, where firms are increasingly reallocating energy and infrastructure resources toward high-performance computing and artificial intelligence workloads.

Bitfarms is advancing a 2.2-gigawatt development pipeline across North America and is targeting initial AI-driven revenue streams by 2027, according to its full-year 2025 results.

The transformation also includes a corporate overhaul. Shareholders have approved a U.S. re-domiciliation and rebrand to Keel Infrastructure, with the transition expected to close around April 1, 2026. The company’s shares are set to trade under the ticker KEEL.

Shares of BITF rose 4.6% on Tuesday, in line with a broader rally across AI infrastructure-related stocks.

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