Bitfarms .(US:BITF) Seeking Alpha·2025-10-03 16:20Core Viewpoint - The company Bitfarms Ltd. is initiating coverage with a Buy rating, focusing on its successful transition from BTC mining to AI/HPC development, highlighting its strategic advantage in data concentration [1]. Company Summary - Bitfarms Ltd. is pivoting its business model from Bitcoin mining to artificial intelligence and high-performance computing (HPC) development, which is seen as a significant strategic advantage [1]. - The company is positioned to leverage its existing infrastructure and expertise in data management to capitalize on the growing demand for AI and HPC solutions [1]. Industry Context - The shift towards AI and HPC is indicative of broader trends in the technology sector, where companies are increasingly focusing on innovative applications and solutions to meet market demands [1].