[Bitfarms Announces Gradual Shutdown of Bitcoin Mining Operations Over the Next Two Years] BlockBeats News, November 14, according to a report by Cointelegraph, Bitfarms' stock price plummeted on Thursday after the company announced plans to shut down its Bitcoin mining operations over the next two years and transition its facilities into artificial intelligence and high-performance computing data centers. The company stated on Thursday that its 18-megawatt Bitcoin mining facility in Washington State, USA, will be the first site to be fully transformed to support AI and high-performance computing. The transformation is expected to be completed by December 2026. Bitfarms CEO Ben Gagnon said: "Although the Washington site accounts for less than 1% of our total developable assets, we believe that converting this site to GPU-as-a-Service alone has the potential to generate net operating income exceeding all the revenue we have previously generated from Bitcoin mining." He added that this transformation will help the company gradually wind down its Bitcoin mining operations in 2026 and 2027.