Bitfarms Pulls the Ultimate Exit: Ditches Bitcoin for AI, Plans Zero BTC on Balance Sheet

Well, it finally happened. Bitfarms (BITF) has officially ghosted Bitcoin. The company confirmed it has already begun liquidating portions of its BTC stash, with plans to keep dumping as it swipes right on AI infrastructure. In 2025 alone, the miner pulled off $28.2 million in realized gains from bitcoin sales—because when you decide to leave the church of Bitcoin, you might as well take the collection plate.

Per BitcoinTreasuries.net, Bitfarms is still technically HODLing 1,827 BTC—for now. That's about as permanent as a crypto influencer's price predictions.

"In time, we will have no bitcoin," CEO Ben Gagnon announced on the Q4 earnings call Tuesday, probably while lighting a ceremonial proof-of-stake candle. He added that Bitfarms would sell bitcoin "opportunistically into strength" while continuing mining ops to "maximize free cash flow before selling the miners." Translation: squeeze out every last sats before the divorce is finalized.

The approach suggests a graceful exit rather than a panic-induced fire sale. But for anyone paying attention, the writing on the wall is basically in Comic Sans at this point: Bitfarms is out of the mining game.

The company is pivoting to a 2.2 gigawatt AI and HPC data center pipeline across North America, with AI-driven revenue targeted to kick off in 2027. Shareholders have also blessed a U.S. re-domiciliation and rebrand to Keel Infrastructure (KEEL), expected to close around April 1, 2026, with shares set to trade under ticker KEEL—because nothing says "new chapter" like a completely new identity.

BITF shares popped 4.6% on Tuesday alongside a broader rally in AI infrastructure stocks. Apparently, markets love a company that knows when to fold 'em.

The shift mirrors a growing pattern in bitcoin mining, where energy-heavy operations are pivoting to high-performance computing and