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Major Bitcoin mining firm pivoting to AI, plans to fully abandon crypto mining by 2027 as miners convert to AI en masse — Bitfarm to leverage 341 megawatt capacity for AI following $46 million Q3 loss

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Major Bitcoin mining firm Bitfarm has announced that it will pivot its business from cryptocurrency to AI data center services by 2027. Although it’s not the largest crypto mining firm in the U.S., it still has a sizeable operation with 12 data centers dedicated to Bitcoin mining. According to Decrypt, the company’s current energy capacity sits at 341 megawatts (MW), which it could take advantage of to deploy several thousand Nvidia GB300 NVL72 server racks.

“We continue executing on our HPC/AI…

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