Bitfarms drops 4% as Bitcoin miner announces complete pivot to AI/HPC: Q3 Earnings

Wall Street reacted negatively to Bitcoin miner Bitfarms (Nasdaq: BITF) announced plans to completely wind down its Bitcoin mining operations, dropping shares of the firm 17% in early Thursday trading hours before recovering. The stock remains down 3.8% from morning open prices, as of publication. Bitfarms CEO Ben Gagnon said the company is evaluating a GPU-as-a-Service model for the Washington site as part of its long-term shift away from Bitcoin mining, which it expects to wind down in 2026 and 2027. Th ...