Bitfarms launched the purchase sharing in the middle of the pivot on the AI and HPC infrastructure
The Bitcoin mining company has announced a sharing purchase program, allowing the re -purchase of up to 49.9 million standard shares, or 10% of its public float, over the next 12 months.
The Toronto Stock Exchange (TSX) approved the Buyback program, and covers re -purchase at both TSX and NASDAQ, According to in a announcement on Tuesday. The company’s sharing with Nasdaq closes 16.8%.
The sun -day -to -day limit of TSX purchase is trapped in 494,918 shares, or 25% of the average sun -sun trading quantity over the past six months. In NASDAQ, the total re -purchase cannot exceed 5% of the remaining shares during the program.
The market price company will pay for the shares at the time of purchase, which begins on July 28 2025 and ends on July 27, 2026. All shares will be resurrected, reducing the total number of outstanding shares and potential increases of the value of shares that investors still hold.
https://www.youtube.com/watch?v=DBYVWY_BR7Q
CEO Ben Gagnon said the move reflects the Bitfarms’ business confidence and signals that its stock is not measured. He featured the company pushing high-performance computing (HPC) and AI Data Center, pointing to the Bitfarms’ energy portfolio in Pennsylvania as a growth driver.
Established in 2017, Bitfarms operates 15 Bitcoin mining data centers across the US, Canada, Argentina, and Paraguay. The company is trading under the Ticker BITF in both TSX and NASDAQ.
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Bitfarms has rebrands itself as an AI and HPC company
The news of sharing shares arises as Bitfarm’s pivots from a bitcoin mining company to Power AI applications. It is also trying to redeem against potential trade wars by expanding the United States.
The Pivot has become popular for mining companies, which already have the hardware, power and cooling systems required for the HPC, as the 2024 Bitcoin has stopped reduced income. In March, a Coin The report has already been noted Bitcoin’s miners is increasingly returning to the AI Data Center that has a -HOST to boost income and better use their existing infrastructure.
To a financial Report Released in the first quarter of 2025, reported by Bitfarms a $ 36 million loss of netCompared to a $ 6 million net loss in Q1 2024. It also reported a gross profit margin that denied 63% from 43% year-on-year, signed the effects of bitcoin halving on miners’ income.
The report also shared that Bitfarms gained a $ 300 million line of credit from Macquarie to expand an HPC facility in Pennsylvania, and sold the Paraguay mining site to Hive Digital for $ 85 million.
Gagnon said, “During the quarter, we carried out some major places in our strategic pivot in the US and HPC.”
In 2025, Bitfarm was mined 693 BTC at an average direct cost of production per BTC of $ 47,800
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