Bitfarms aims for zero bitcoin holdings as it shifts focus to AI.

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The organization is actively liquidating bitcoin and reallocating resources into AI-centric data centers as part of a larger shift away from mining activities.

Bitfarms Blockchain Farm

Key points:

  • After liquidating a portion of its bitcoin assets in 2025, Bitfarms (BITF) reportedly retains 1,827 coins.
  • During its fourth-quarter earnings call, management expressed a desire to eventually divest all of its assets.
  • The organization is transitioning from towards a pipeline of 2.2 GW for AI and HPC data centers, in addition to a U.S. re-domiciliation and rebranding to Keel Infrastructure.

Bitcoin miner Bitfarms (BITF) is continuing its withdrawal from the bitcoin sector, confirming that it has commenced selling parts of its assets, with intentions to persist in this direction as it shifts focus to AI infrastructure.

The organization reported $28.2 million in realized gains from bitcoin disposals in 2025, indicating active asset sales throughout the year. Although the precise quantity of coins sold has not been disclosed, management has indicated that additional sales are forthcoming. According to BitcoinTreasuries.net, Bitfarms currently possesses 1,827 BTC.

"Eventually, we will have no bitcoin,” stated CEO Ben Gagnon during the company’s fourth-quarter earnings call on Tuesday. He noted that Bitfarms will sell bitcoin “opportunistically into strength” and will continue to manage mining operations to “maximize free cash flow before selling the miners.” This strategy suggests a gradual phase-out rather than immediate liquidation.

This transition mirrors a broader movement within the bitcoin mining industry, where firms are repurposing energy resources for high-performance computing and AI tasks. Bitfarms is advancing a development pipeline of 2.2 gigawatts across North America, aiming to generate AI-driven revenue starting in 2027, as outlined in its 2025 full-year results.

The organization is also experiencing a structural transformation, with shareholders approving a U.S. re-domiciliation and rebranding to Keel Infrastructure (KEEL), anticipated to finalize around April 1, 2026, with shares expected to trade under the ticker KEEL.

BITF shares increased by 4.6% on Tuesday, coinciding with a general upswing in AI infrastructure stocks.