Bitfarms to Sell BTC and Pivot to AI Infrastructure

Canadian mining company Bitfarms has announced a strategic shift toward artificial intelligence infrastructure. In late March 2026, the firm revealed plans to sell its entire Bitcoin holdings and rebrand as Keel Infrastructure. The move highlights a broader transformation in the mining sector.

The miner plans to liquidate reserves and transform its business

Bitfarms confirmed plans to gradually liquidate its crypto reserves. As of late March, the company held approximately 2,400 BTC, valued at around $160 million.

The proceeds will be used to fund AI and high-performance computing projects. The company will not exit mining immediately but will reduce its exposure over time.

Bitfarms also plans to relocate its corporate structure to the United States. This is expected to improve partnerships and accelerate expansion.

The company is diversifying revenue streams

The shift is driven by changing mining economics and growing demand for HPC services.

Bitfarms had already begun executing this strategy. In 2025, it sold part of its BTC holdings, generating $28.2 million.

The company reported strong financial results. Annual revenue increased by 72% to $229 million. Total liquidity reached approximately $520 million by the end of March.

Bitfarms is also developing data centers with a combined capacity of 2.2 GW across the US and Canada.

Capital is moving away from traditional mining

The move reflects a broader trend of miners diversifying revenue streams.

Selling BTC to fund infrastructure projects may:

• increase short-term supply pressure on crypto markets;
• reduce reinvestment in mining capacity;
• accelerate growth in AI infrastructure.

At the same time, demand for data centers and HPC services continues to rise.

The industry is moving toward hybrid revenue models

Bitfarms’ strategy highlights the evolving role of mining companies. They are increasingly becoming digital infrastructure operators.

Revenue from AI operations is expected to begin in 2027, signaling a long-term shift.

The industry is moving toward hybrid models combining mining, AI, and HPC. Companies adapting to this transition are likely to gain a competitive edge.

Read also: MARA Sells 15,133 BTC for $1.1 Billion