Bitfarms Plans to Liquidate All Bitcoin on Its Balance Sheet, Fully Transitioning to AI Infrastructure

Odaily News Bitcoin mining company Bitfarms (BITF) confirmed during its Q4 earnings call that the company has begun selling its Bitcoin holdings and plans to continue selling until its Bitcoin balance sheet position reaches zero. CEO Ben Gagnon stated that the company will "opportunistically sell" Bitcoin "when the market is strong," while continuing to operate its mining business to "maximize free cash flow before selling mining machines." According to BitcoinTreasuries.net data, Bitfarms still holds 1,827 BTC, and generated $28.2 million in revenue from Bitcoin sales in 2025.

Bitfarms is advancing a 2.2-gigawatt AI and high-performance computing data center development pipeline, aiming to start generating AI-driven revenue by 2027. The company's shareholders have approved relocating its registration to the United States and renaming it to Keel Infrastructure (KEEL), expected to be completed around April 1, 2026. At that time, the stock will trade under the ticker KEEL. BITF's stock price rose 4.6% on Tuesday.