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JUST IN: Bitfarms Changes Its Name and Will Sell All Its Bitcoin to Pivot Towards AI.
At some point, we won't have any Bitcoin left, CEO Ben Gagnon stated, confirming that the firm will prioritize infrastructure over reserves.
Bitfarms, one of the most recognized Bitcoin miners in the US and Canada, confirmed that it will sell all of its Bitcoin reserves and refocus its business on infrastructure for artificial intelligence (AI) and high performance computing (HPC).
The company also announced that it will cease operating under that name.