The company is actively selling bitcoin and redeploying capital into AI-focused data centers as part of a broader transformation away from mining.
Bitfarms targets zero bitcoin on the balance sheet as it pivots to AI
The company is actively selling bitcoin and redeploying capital into AI-focused data centers as part of a broader transformation away from mining.
Shares:
More than 51,800 addresses lost $1-$1,000, 5,269 are down $1,000-$10,000 and 1,025 shed $10,000-$100,000, Bubblemaps said.
"What we are experiencing is the weakest bitcoin bear case in its history," wrote Bernstein's Gautam Chhugani.
A soaring hash rate has pushed difficulty to 150.84T, leaving miners facing shrinking profitability.
U.S. spot crypto ETFs saw broad-based redemptions led by bitcoin and ether funds, while Solana products drew fresh inflows, signaling selective institutional rotation rather than a full retreat from digital