Cryptomine knowledge heart agency Bitfarms has introduced plans to totally convert its Bitcoin mining facility in Washington state to assist HPC/AI workloads.
The Toronto-based firm is among the world’s largest cryptocurrency miners, however plans to wind down these operations by 2027 in an effort to capitalize on rising demand for AI computing.
The Washington conversion mission follows a $128 million cope with an unnamed US supplier to generate 18MW of capability for vital IT infrastructure.
The conversion of Bitfarms’ 6-acre, 18MW Washington website is predicted to be accomplished by December 2026.
“We proceed executing on our HPC/AI infrastructure growth technique with a totally funded provide chain and plan to transform our Washington website to assist Nvidia GB300s with state-of-the-art liquid cooling,” mentioned Bitfarms CEO Ben Gagnon.
“We consider there are compelling causes to contemplate pursuing a GPU-as-a-Service or Cloud monetization technique particularly in Washington.”
The Washington website represents lower than one % of Bitfarms’ whole developable portfolio, however Gagnon mentioned it might produce extra earnings than the corporate has ever generated with Bitcoin mining.
The agency’s HPC/AI technique goals to diversify income streams by reallocating property away from its Bitcoin mining actions.
Bitfarms posted a internet lack of $46m at its newest third-quarter earnings, throughout which Gagnon mentioned the agency would section out its Bitcoin mining enterprise over the following two years.
Earlier this yr, Bitfarms appointed HPC/AI specialist James Bond to assist oversee the transition of its 15 Bitcoin mining knowledge facilities throughout the US, Canada, and Argentina.
Different HPC/AI tasks being undertaken by Bitfarms embody a 30MW crypto mining facility in Pennsylvania, which will probably be overhauled to assist AI infrastructure by the tip of subsequent yr.
Rival Bitcoin miner MARA additionally just lately introduced that it might be increasing its companies to incorporate AI computing, whereas Cipher and Terawulf are additionally planning AI tasks.
