The post Bitfarms Stock Plunges as Company Shifts from BTC Mining to AI appeared on BitcoinEthereumNews.com. Key Notes Birfarm pivots: exits BTC mining by 2027; opts for GB300 AI build. Q3 earnings are at $46M, with $300m additional financing. BITF stock is down 18%. Bitfarms says it will gradually retire its Bitcoin BTC $97 052 24h volatility: 6.4% Market cap: $1.94 T Vol. 24h: $113.20 B mining business across 2026–2027 and redeploy its power and real-estate footprint into high-performance computing (HPC) and AI data centers. The shift was outlined alongside Q3 2025 results and a dedicated Washington-state conversion plan.  What Changed for Bitfarms According to the earnings release, the Washington site becomes the first AI facility. The company will retrofit its 18 MW Washington State data center to support Nvidia GB300-class GPUs with advanced liquid cooling, designed for up to 190 kW per rack and a targeted PUE of 1.2–1.3. Bitfarms says the supply chain for the build is fully funded via a $128 million binding equipment agreement. Completion is targeted for December 2026, so the shift will be gradual. From continuing operations, Bitfarms posted Q3 net loss of $46 million ($0.08/share) on $69 million in revenue; overall results reflect a strategic exit from Latin America, with Argentina and Paraguay now treated as discontinued operations. Management highlighted $588 million in recently issued convertible notes and the conversion of a Macquarie facility to up to $300 million of project financing for the Panther Creek (PA) campus, with an additional $50 million drawn in October to accelerate long-lead items.  Bitfarms also lists 341 MW of energized capacity today within a broader 2.1 GW North American energy portfolio and twelve North American data centers, giving it multiple sites that can be re-tooled for AI/HPC.  Management’s Explanation Behind the Shift CEO Ben Gagnon said the AI push is now the company’s core development strategy and singled out… The post Bitfarms Stock Plunges as Company Shifts from BTC Mining to AI appeared on BitcoinEthereumNews.com. Key Notes Birfarm pivots: exits BTC mining by 2027; opts for GB300 AI build. Q3 earnings are at $46M, with $300m additional financing. BITF stock is down 18%. Bitfarms says it will gradually retire its Bitcoin BTC $97 052 24h volatility: 6.4% Market cap: $1.94 T Vol. 24h: $113.20 B mining business across 2026–2027 and redeploy its power and real-estate footprint into high-performance computing (HPC) and AI data centers. The shift was outlined alongside Q3 2025 results and a dedicated Washington-state conversion plan.  What Changed for Bitfarms According to the earnings release, the Washington site becomes the first AI facility. The company will retrofit its 18 MW Washington State data center to support Nvidia GB300-class GPUs with advanced liquid cooling, designed for up to 190 kW per rack and a targeted PUE of 1.2–1.3. Bitfarms says the supply chain for the build is fully funded via a $128 million binding equipment agreement. Completion is targeted for December 2026, so the shift will be gradual. From continuing operations, Bitfarms posted Q3 net loss of $46 million ($0.08/share) on $69 million in revenue; overall results reflect a strategic exit from Latin America, with Argentina and Paraguay now treated as discontinued operations. Management highlighted $588 million in recently issued convertible notes and the conversion of a Macquarie facility to up to $300 million of project financing for the Panther Creek (PA) campus, with an additional $50 million drawn in October to accelerate long-lead items.  Bitfarms also lists 341 MW of energized capacity today within a broader 2.1 GW North American energy portfolio and twelve North American data centers, giving it multiple sites that can be re-tooled for AI/HPC.  Management’s Explanation Behind the Shift CEO Ben Gagnon said the AI push is now the company’s core development strategy and singled out…