Bitcoin miner Bitfarms (BITF) continued its exit from the bitcoin business, confirming that it has already begun selling portions of its holdings, with plans to continue doing so as it pivots toward artificial intelligence infrastructure.
The company generated $28.2 million in realized profits from bitcoin sales in 2025, indicating active disposals during the year. While the company has not revealed the exact number of coins sold, management made it clear that more sales are planned. According to BitcoinTreasuries.net, Bitfarms currently holds 1,827 BTC.
“Eventually, we won’t have bitcoins,” CEO Ben Gagnon said on the company’s fourth-quarter earnings conference call Tuesday. He added that Bitfarms will sell bitcoins “opportunistically to strengthen them” and will continue to run mining operations to “maximize free cash flow before selling to miners.” The approach aims for a gradual reduction rather than an immediate liquidation.
The change reflects a broader trend across the bitcoin mining sector, where companies are repurposing energy infrastructure for high-performance computing and artificial intelligence workloads. Bitfarms is advancing a 2.2 gigawatt development pipeline in North America and targeting AI-driven revenue starting in 2027, according to its full-year 2025 results.
The company is also undergoing a structural change, as shareholders approved a US redomiciliation and rebranding to Keel Infrastructure (KEEL), which is expected to close around April 1, 2026, with shares trading under the symbol KEEL.
BITF shares rose 4.6% on Tuesday along with a general rally in AI infrastructure stocks.
