PANews|Nov 13, 2025 12:43
[Bitfarms Q3 Revenue Reaches $69 Million, Focuses on Transition to AI Computing Infrastructure]
Bitcoin mining company Bitfarms achieved $69 million in recurring revenue in Q3 2025 and successfully completed a $588 million convertible bond issuance. The company is accelerating its transition from Bitcoin mining to becoming a North American AI/HPC infrastructure provider. It plans to upgrade sites in Washington, Panther Creek, Pennsylvania, and Sharon to data centers supporting Nvidia's next-generation Vera Rubin GPUs, with delivery targeted to begin in 2026. Additionally, in Q3, the company’s total liquidity reached $814 million, with BTC holdings of 1,827.
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