Bitfarms plunges 18% after plan to wind down Bitcoin mining ops

Published at 2025-11-14 04:05:19

Bitfarms announced a strategic shift to repurpose its Bitcoin mining facilities for AI compute over the next two years, starting with its major site in Washington. The company said it will wind down traditional Bitcoin mining operations at those locations as it converts infrastructure to support AI workloads, a move that sparked an immediate market reaction and roughly an 18% drop in the stock.

The pivot highlights growing pressure on miners to diversify amid energy, cost and market headwinds, and signals rising demand for dedicated AI power at existing data centers. For the crypto ecosystem, Bitfarms’ reduction of mining capacity could modestly affect supply-side dynamics for Bitcoin hash rate, while investors will be watching execution risks, energy contracts and regulatory responses as the transition unfolds.

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Leopold Aschenbrenner’s Situational Awareness LP disclosed $5.52 billion in equity exposure concentrated in power infrastructure, data centers and Bitcoin mining companies, an SEC filing shows. The rapid build-up in under a year signals rising institutional conviction in mining and related infrastructure.

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Published at 2026-03-04 10:30:46

Paraguay Turns 1,500 Seized Rigs Into State-Led Bitcoin Mining Program

Paraguay’s state utility ANDE will relaunch 1,500 confiscated Bitcoin mining rigs in partnership with Morphware, running them on surplus hydroelectric power under direct government supervision. The program aims to repurpose seized equipment and generate public revenue while testing a state-run mining model.

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Published at 2026-03-04 09:00:16

U.S. Executes First 2026 Bitcoin Transfer From Government Wallet Amid Iran Crisis

On March 3, 2026, U.S. federal authorities moved a small amount of Bitcoin from a government-controlled wallet, the first blockchain-recorded Bitcoin transaction by the U.S. this year. The transfer was logged on-chain amid heightened tensions around Iran.

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Published at 2026-03-04 07:30:13

Core Scientific to Sell Most of 2,500 BTC to Fund AI Data Centers

Core Scientific plans to sell most of its 2,500 BTC in Q1 2026 to boost liquidity and finance AI-focused data center buildouts. The move underscores a broader industry shift as public bitcoin miners pivot toward high-performance computing.

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Published at 2026-03-04 06:45:13

AI Agents Prefer Bitcoin in Nearly Half of Responses, Stablecoins Lead for Payments

A Bitcoin Policy Institute study of 36 AI models published March 3, 2026 found Bitcoin was the top monetary choice in 48% of responses, while payment-specific prompts saw over half of models favor stablecoins.