Bitcoin miner Bitfarms (BITF) has continued its exit from the Bitcoin sector, confirming that it has already started selling some of its holdings, with plans to continue to do so as it moves into AI infrastructure.
The company generated $28.2 million in realized gains from bitcoin sales in 2025, indicating active divestitures during the year. Although the company has not disclosed the exact number of pieces sold, management has made it clear that more sales are planned. According to BitcoinTreasuries.net, Bitfarms currently holds 1,827 BTC.
“Over time, we will no longer have bitcoin,” CEO Ben Gagnon said on Tuesday’s fourth-quarter earnings call. He added that Bitfarms will sell bitcoin “opportunistically when the market is favorable” and continues to mine its mining operations to “maximize available cash flow before selling miners.” This approach indicates a gradual decline rather than immediate liquidation.
The change reflects a broader trend across the bitcoin mining sector, where companies are repurposing energy infrastructure for high-performance computing and AI-related workloads. Bitfarms is advancing a 2.2 gigawatt development pipeline across North America and targeting AI-driven revenue from 2027, according to its full year 2025 results.
The company is also undergoing a structural transformation, with shareholders having approved a relocation to the United States and a name change to Keel Infrastructure (KEEL), a transaction expected to close around April 1, 2026, with the shares expected to be listed under the KEEL symbol.
BITF shares are up 4.6% on Tuesday, accompanying a broader rally in AI infrastructure-related stocks.
