Bitfarms, one of the leading mining companies in the sector, plans to sell all of its Bitcoin holdings in order to switch to an AI-focused approach.
Bitfarms, a Bitcoin (BTC) mining company traded on Nasdaq, announced it plans to sell all of its 1,827 BTC holdings as it shifts its business focus to AI-centric data centers.
The company had already started selling Bitcoin in 2025 and made a profit of $28.2 million. While the company hasn’t disclosed exactly how much BTC it has sold to date, it’s certain that it will sell more.
Speaking to CoinDesk, Bitfarms CEO Ben Gagnon said, “In time, we will have no Bitcoin left.”
Gagnon added that Bitfarms would sell Bitcoin during a major price surge and that, while awaiting this rise, they were continuing mining operations to maximize cash flow before selling their mining equipment.
This approach by the company indicates a gradual liquidation rather than a sudden, abrupt Bitcoin sell-off.
Bitfarms is also undergoing a structural change in addition to its Bitcoin operations. In this regard, shareholders have approved the company’s relocation to the US and its rebranding as Keel Infrastructure (KEEL).
This transaction is expected to be completed on April 1, 2026, after which the company’s shares will trade under the ticker symbol KEEL.
*This is not investment advice.
