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Bitfarms announced that it will exit Bitcoin mining within two years and fully transition to AI computing infrastructure.
[Bitfarms announces exit from Bitcoin mining in two years, fully transitioning to AI computing infrastructure] Cryptocurrency mining company Bitfarms announced plans to gradually shut down its Bitcoin mining operations over the next two years and instead focus on providing high-performance computing (HPC) infrastructure for artificial intelligence (AI) applications. As the price of Bitcoin falls, leading to shrinking profit margins, Bitfarms has become one of the many mining companies shifting toward high-performance computing services. The company also stated that its facility in Washington State will be repurposed to support AI or high-performance computing tasks.