Bitfarms plunges 18% after plan to wind down Bitcoin mining ops
Bitfarms said it plans to shift its Bitcoin mining sites over the next two years and convert them to power AI, starting with its major site in Washington.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitfarms said it plans to shift its Bitcoin mining sites over the next two years and convert them to power AI, starting with its major site in Washington.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Binance.US plans CFTC application in prediction market expansion
Binance.US plans to apply for a CFTC designated contract market license next month as it expands into prediction markets and deriv...
Core Scientific lost 56% on Bitcoin mining but $80M in profit from its pivot to AI hosting
Core Scientific, a longtime Bitcoin miner now converting sites for AI computing, reported a negative 56% self-mining gross margin...
Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year
Bitcoin miners are redirecting billions of dollars and scarce power capacity toward artificial intelligence as BTC’s downturn push...
Orange Juice plans to leverage $10M cash flow to buy $30M in Bitcoin
Orange Juice's strategy could reshape corporate finance by integrating Bitcoin into traditional business models, but it carries si...
South Korea plans stablecoin rules as opposition pushes crypto tax repeal
The FSC reportedly plans a government-backed digital asset bill covering stablecoins and exchanges, while opposition lawmakers see...
MARA CEO Says AI Delivers More Revenue From Power Than Bitcoin Mining
MARA CEO Fred Thiel says scarce electricity can produce far higher returns when directed to artificial intelligence than to bitcoi...