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Bitfarms has officially commenced the liquidation of its entire Bitcoin treasury to fund its strategic shift toward AI infrastructure. The company recently reported a widened net loss of $285 million, primarily attributed to the decline in Bitcoin prices over the past year. Despite these financial results, Bitfarms' shares saw a notable jump as investors reacted to the company's operational progress. Bitfarms is now five months into its strategic pivot from traditional mining to High-Performance Computing (HPC) and AI. Management confirmed that liquidity realized from previous BTC sales is being actively deployed to support this technological expansion. This move aims to capture higher margins in the advanced computing sector and reduce long-term exposure to BTC/USD volatility. The ongoing liquidation is expected to maintain sell-side pressure on Bitcoin prices until the firm's exit is complete.
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