Bitcoin miner BitFarms (BITF) continues to withdraw from the Bitcoin business, and has already begun selling some of its shares, confirming that it plans to continue selling while shifting its focus to AI infrastructure.
The company generated $28.2 million in realized gains on Bitcoin sales in 2025, suggesting active sales took place in the same year. Although the company has not disclosed the exact number of coins sold, management has revealed that further sales are planned. According to BitcoinTreasuries.net, Bitfarms currently holds 1,827 BTC.
“Eventually Bitcoin will disappear,” CEO Ben Gagnon said on Tuesday’s fourth-quarter earnings call. He added that Bitfarm continues to operate its mining operations in order to sell Bitcoin “profitably” and “maximize free cash flow before selling the miners.” This approach suggests gradual winding down rather than immediate liquidation.
This shift reflects a broader trend across the Bitcoin mining sector, where companies are repurposing energy infrastructure for high-performance computing and AI workloads. According to its 2025 full-year results, BitFarms has a 2.2 GW development pipeline across North America and aims to generate AI revenue starting in 2027.
The company is also undergoing a structural transformation, with shareholders approving its re-domiciling to the United States and rebranding to Keel Infrastructure (KEEL), with the company expected to close on or about April 1, 2026, with its shares expected to trade under the ticker “KEEL.”
BITF stock rose 4.6% on Tuesday, following a general rally in AI infrastructure stocks.
