Bitfarms’ CEO Ben Gagnon announced that the company was focused on abandoning the bitcoin mining business and converting its sites to support artificial intelligence workloads in the following two years. The company’s facility in Washington will be spearheading this change. Bitfarms to Close Down Bitcoin Mining Activities, Adapt Sites to Support AI Workloads The Facts […] Original
Publicly traded Bitcoin mining companies had a tough week, with nearly every major miner posting double-digit declines as the sector sharply underperformed Bitcoin itself. Over the past five trading days, names like Cipher, Applied Digital, Core Scientific, CleanSpark and Bitdeer slid between 23% and 52%, while other operators such as Riot and Hut 8 saw mid-teens losses. Bitcoin (BTC) was trading about $94,400 at the time of writing, down about 9% over the past seven days. Source: Bitcoin Mining Stocks Zooming out, a Miner Mag report on Thursday showed public…
Bitfarms will shut down its Bitcoin mining operations over the next two years and gradually convert them into AI-focused high-performance computing data centers. Summary Bitfarms will shut down its Bitcoin mining operations by 2027 and convert its sites into AI-focused data centers. The Washington site will support up to 190 kilowatts per rack using Nvidia GPUs, with completion targeted for December 2026. Bitfarms will begin this transition with its Washington site and repurpose the facility for a new generation of compute-heavy workloads, the company said in a Nov. 13 announcement. …
Key Notes Birfarm pivots: exits BTC mining by 2027; opts for GB300 AI build. Q3 earnings are at $46M, with $300m additional financing. BITF stock is down 18%. Bitfarms says it will gradually retire its Bitcoin BTC $97 052 24h volatility: 6.4% Market cap: $1.94 T Vol. 24h: $113.20 B mining business across 2026–2027 and redeploy its power and real-estate footprint into high-performance computing (HPC) and AI data centers. The shift was outlined alongside Q3 2025 results and a dedicated Washington-state conversion plan.  What Changed for Bitfarms According to…
TMGM Broker Review 2025: Regulation, Platforms & Trading Conditions Explained | Finance Magnates TMGM Broker Review 2025: Regulation, Platforms & Trading Conditions Explained | Finance Magnates TMGM Broker Review 2025: Regulation, Platforms & Trading Conditions Explained | Finance Magnates TMGM Broker Review 2025: Regulation, Platforms & Trading Conditions Explained | Finance Magnates TMGM Broker Review 2025: Regulation, Platforms & Trading Conditions Explained | Finance Magnates TMGM Broker Review 2025: Regulation, Platforms & Trading Conditions Explained | Finance Magnates In this video, we take a closer look at TMGM (Trademax Global…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io *Inside the World of Massive Machines: Mines, Marble Quarries, and the Equipment that Powers Them* Today’s video is a captivating, two-hour exploration into the impressive world of mines, marble quarries, and the massive machines that drive production forward. This extended footage takes viewers on a journey through some of the most complex and large-scale industrial sites, featuring coal mines, marble extraction sites, and the equipment that makes it all possible. From excavators and shovel excavators to wheel loaders and the powerhouse bucket…
Singapore-based cloud Bitcoin miner BitFuFu doubled its third-quarter revenue from the previous year, driven by demand for cloud mining and equipment as miners sought to capitalize on the rising price of Bitcoin. Total revenue increased 100% to $180.7 million compared to the same period last year, with cloud mining making up $122 million, according to BitFuFu’s Q3 earnings report on Wednesday. The increase was sparked by strong demand for cloud-mining solutions, users buying up mining equipment, and the continued expansion of mining capacity. BitFuFu has doubled its third-quarter revenue compared…
Bitcoin mining company Bitdeer confirmed that a fire broke out at its facility in Massillon, Ohio, on Tuesday, with no reported casualties. The fire affected two of 26 buildings under construction at the Massillon site, which does not have any mining rigs installed, according to an announcement on Wednesday. Bitdeer said it “does not expect” the incident to impact the company’s operational hashrate, a measure of the total computing power commanded by its mining operations. The aftermath of the fire at Bitdeer’s Massillon, Ohio, facility. Source: Buckeye Drone The fire…
TeraWulf deliberately powered down bitcoin mining rigs this quarter to redirect energy toward high-performance computing, or HPC, joining a wave of blockchain firms betting their future on artificial intelligence. Summary TeraWulf is the latest crypto miner that pivoted to AI compute Riot, CleanSpark, and Galaxy Digital among of the miners that also pivoted AI is creating increasing demand for high-performance compute Increased difficulty and rising costs are making Bitcoin mining less profitable Mining profitability is prompting Bitcoin miners to seek new opportunities. On Tuesday, November 11, TeraWulf’s financials revealed a…
Nasdaq-listed Bitcoin mining company CleanSpark is raising capital to expand its mining and data center operations, as major miners pivot toward artificial intelligence (AI) infrastructure. CleanSpark announced a $1.15 billion senior convertible note offering on Tuesday, aiming to raise more capital to expand its Bitcoin (BTC) mining operations. The miner estimates it will raise about $1.13 billion in net proceeds, or $1.28 billion if the initial purchasers exercise their full options to purchase additional convertible notes. The offering is expected to close on Nov. 13, subject to satisfactory closing conditions.…