Bitcoin miner Bitfarms (U.S. stock ticker: BITF) is speeding up its exit from the mining industry it once knew well. The company confirmed on Tuesday that it has begun selling the bitcoins it holds, and in the future it will completely clear its balance sheet of its coin holdings, fully shifting to the artificial intelligence (AI) infrastructure sector.
Bitfarms said that in 2025 it generated approximately $28.2 million in gains by selling bitcoins, showing that the company has actively reduced its bitcoin holdings over the past year. While Bitfarms did not disclose the exact number of coins sold, it has made clear that it will continue to liquidate its holdings going forward. According to data from BitcoinTreasuries.net, the company currently still holds about 1,827 bitcoins.
Ben Gagnon, CEO of Bitfarms, said during the Q4 earnings call: “At some point, we will no longer hold any bitcoin.”
He further explained that in the future Bitfarms will “sell at a premium” bitcoin when market conditions are better, while continuing to operate the mining business so as to achieve “maximum free cash flow” before selling the mining rigs.
Bitfarms’ major strategic pivot is a snapshot of the broader bitcoin mining industry today. More and more mining companies are redirecting power and energy infrastructure to support the hot demand for AI and high-performance computing (HPC).
According to its officially released 2025 full-year financial report, Bitfarms is currently developing infrastructure in North America with a total capacity of up to 2.2 gigawatts (GW), aiming to begin generating meaningful AI business revenue in 2027.
To support the business transformation, the shareholders’ meeting has approved relocating the company to the United States and formally renaming it to “Keel Infrastructure.” The related procedures are expected to be completed around April 1, 2026, at which point the stock will trade under the new ticker “KEEL.”
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