Bitfarms is now refocusing its business strategy away from Bitcoin mining operations toward developing AI-powered data centers and high-performance computing infrastructure across North America. The shift marks a significant pivot in the company's direction, with leadership emphasizing the strategic importance of AI infrastructure over cryptocurrency mining. The market responded positively to this repositioning, with Bitfarms' stock jumping 18% following the announcement, reversing earlier trading losses and signaling investor confidence in the company's new strategic direction.
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Bitfarms is now refocusing its business strategy away from Bitcoin mining operations toward developing AI-powered data centers and high-performance computing infrastructure across North America. The shift marks a significant pivot in the company's direction, with leadership emphasizing the strategic importance of AI infrastructure over cryptocurrency mining. The market responded positively to this repositioning, with Bitfarms' stock jumping 18% following the announcement, reversing earlier trading losses and signaling investor confidence in the company's new strategic direction.