Bitcoin Shares Surge as Bitfarms Embraces AI
@Bitfarms is relocating to the U.S. and rebranding as Keel Infrastructure, shifting focus from bitcoin mining to AI data centers. Stock rose 18% post-announcement. #Update #Crypto $BTC
bitfarms
Bitcoin Miner Bitfarms Sells Paraguay Site for $30M
Bitcoin miner @Bitfarms is selling its Paraguay site to Sympatheia Power Fund for up to $30M, aiming to reinvest in North American operations. BITF shares rose 4% amid BTC nearing $90K. #Update #Crypto $BITF
Bitcoin Mining Giant Bitfarms Launches AI Revolution
@Bitfarms will cease Bitcoin mining to develop AI infrastructure, transforming its Washington data center by 2026 due to declining profitability and rising costs. CEO expects higher profits from GPU-as-a-Service model. #Update #Crypto
Bitcoin Hashrate Declines in October Breather
The Bitcoin network hashrate fell to 1,030 EH/s in early October, down 5 EH/s from previous highs; U.S. miners’ market cap hit $79B, with daily revenue per EH/s rising 6%. #Update #Crypto $BTC
Bitcoin Surges Above $123K as Miners Rally
$BTC rebounds to $123,500 after dipping to $120,000; altcoins gain 1%-3%. Crypto miners like @CipherMining and @Bitfarms rise 11%-12% amid AI demand. Gold surges past $4,000. #Update #Crypto $BTC
Bitcoin Miner IREN Surges 9% with AI Contracts
@IrisEnergy shares rise 9% after securing multi-year AI cloud contracts for NVIDIA Blackwell GPU deployments, anticipating $225 million in ARR by end of 2025. #Update #Crypto $IREN