[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"nav-categories":3,"article-major-bitcoin-miner-phases-out-crypto-for-ai-gold-rush-bitfarms-leads-the-charge":70},{"data":4},[5,37,57,64],{"name":6,"slug":7,"categories":8},"Productivity","productivity",[9,13,17,21,25,29,33],{"id":10,"title":11,"slug":12},17,"Branding","branding",{"id":14,"title":15,"slug":16},19,"Marketing","marketing",{"id":18,"title":19,"slug":20},20,"Work","work",{"id":22,"title":23,"slug":24},34,"Community","community",{"id":26,"title":27,"slug":28},21,"For newbies","for-newbies",{"id":30,"title":31,"slug":32},24,"Investment","investment",{"id":34,"title":35,"slug":36},22,"Finance","finance",{"name":38,"slug":39,"categories":40},"Tech","tech",[41,45,49,53],{"id":42,"title":43,"slug":44},28,"Technology","technology",{"id":46,"title":47,"slug":48},32,"Artificial Intelligence","artificial-intelligence",{"id":50,"title":51,"slug":52},26,"Security and protection","security-and-protection",{"id":54,"title":55,"slug":56},31,"YouTube Blog","youtube-blog",{"name":58,"slug":59,"categories":60},"News","news",[61],{"id":62,"title":58,"slug":63},18,"quasanews",{"name":65,"slug":66,"categories":67},"Business","business",[68],{"id":69,"title":65,"slug":66},16,{"post":71,"published_news":95,"popular_news":153,"categories":218},{"title":72,"description":73,"meta_title":72,"meta_description":74,"meta_keywords":75,"text":76,"slug":77,"created_at":78,"publish_at":79,"formatted_created_at":80,"category_id":69,"links":81,"view_type":84,"video_url":85,"views":86,"likes":87,"lang":88,"comments_count":87,"category":89},"Major Bitcoin Miner Phases Out Crypto for AI Gold Rush: Bitfarms Leads the Charge","From Hashrate to High-Performance Compute: A Seismic Shift in Digital InfrastructureIn a bold move that's sending ripples through both the cryptocurrency and artificial intelligence worlds, Bitfarms Ltd. (NASDAQ: BITF)—one of North America's largest Bitcoin mining firms—has unveiled plans to systematically dismantle its core mining operations starting in 2026. The Toronto-based company, long synonymous with the energy-hungry pursuit of digital gold, is redirecting its vast infrastructure toward the booming demand for AI computing power. This isn't a side hustle; it's a full pivot, with CEO Ben Gagnon declaring that a single repurposed site could eclipse the lifetime profits of their entire Bitcoin mining legacy.","With global AI infrastructure needs exploding (projected to balloon from $35 billion in 2023 to over $223 billion by 2030), miners like Bitfarms see GPUs as the new rigs of fortune.","From Hashrate to High-Performance Compute: A Seismic Shift in Digital Infrastructure","\u003Cp>\u003Cstrong>From Hashrate to High-Performance Compute: A Seismic Shift in Digital Infrastructure\u003C/strong>\u003C/p>\n\n\u003Cp>\u003Cimg alt=\"\" class=\"image-align-left\" height=\"298\" src=\"https://quasa.io/storage/photos/00/image - 2025-11-15T180356.849.jpg\" width=\"200\" />In a bold move that's sending ripples through both the cryptocurrency and artificial intelligence worlds, Bitfarms Ltd. (NASDAQ: BITF) - one of North America's largest Bitcoin mining firms - has unveiled plans to systematically dismantle its core mining operations starting in 2026.\u003C/p>\n\n\u003Cp>The Toronto-based company, long synonymous with the energy-hungry pursuit of digital gold, is redirecting its vast infrastructure toward the booming demand for AI computing power. This isn't a side hustle; it's a full pivot, with CEO Ben Gagnon declaring that a single repurposed site could eclipse the lifetime profits of their entire Bitcoin mining legacy.\u003C/p>\n\n\u003Cp>The announcement, tied to Bitfarms' third-quarter earnings, underscores a harsh reality for the mining sector: Bitcoin's post-halving economics - coupled with volatile prices - have squeezed margins to the breaking point. With global AI infrastructure needs exploding (projected to balloon from $35 billion in 2023 to over $223 billion by 2030), miners like Bitfarms see GPUs as the new rigs of fortune.\u003C/p>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>The Mechanics of the Switch: Power Plants to AI Powerhouses\u003C/strong>\u003C/h4>\n\n\u003Cp>\u003Cimg alt=\"\" class=\"image-align-right\" height=\"447\" src=\"https://quasa.io/storage/photos/00/image - 2025-11-15T180357.800.jpg\" width=\"300\" />Bitfarms' strategy kicks off with its underutilized Washington state facility, a mere sliver (less than 1%) of its total developable portfolio. By 2026, this site will be retrofitted for Nvidia's cutting-edge GB300 GPUs, complete with state-of-the-art liquid cooling systems to handle the inferno-like heat of AI workloads. The goal? Launch a GPU-as-a-Service (GPUaaS) platform, renting out high-performance compute to AI developers, cloud providers, and enterprises craving scalable processing without building from scratch.\u003C/p>\n\n\u003Cp>Gagnon didn't mince words in the earnings call: "We believe that the conversion of just our Washington site to GPU-as-a-Service could potentially produce more net operating income than we have ever generated with Bitcoin mining." This isn't hyperbole - AI contracts often lock in multi-year revenue streams, shielding operators from crypto's wild swings.\u003C/p>\n\n\u003Cp>\u003Cstrong>> Example: Washington's AI Revenue Rocket\u003C/strong>\u003Cbr />\n> Imagine a mid-sized AI startup training a large language model on climate simulations. They lease 50 GB300 GPUs from Bitfarms' Washington facility for six months at $0.50 per GPU-hour - totaling $1.08 million in fees. Bitfarms' fixed power costs (thanks to pre-existing hydro deals) eat just 20% of that, netting $864,000. Scale this to full capacity: The site could churn out $50-100 million annually, dwarfing its prior Bitcoin output of ~$5 million in peak quarters.\u003C/p>\n\n\u003Cp>Financially, the pivot arrives amid turbulence. Q3 saw revenue of $69 million from continuing operations (plus $14 million from discontinued Paraguay assets), but a net loss of $46 million - worsened by compressed gross mining margins at 35% (down from 44% YoY).\u003C/p>\n\n\u003Cp>The company mined 520 BTC at an average direct cost of $48,200 each, but sold 185 BTC for $22 million to fund capex. Post-announcement, BITF shares dipped 8% in after-hours trading, reflecting investor jitters over the unwind. Yet, they're still up over 200% from early 2025 lows, buoyed by $814 million in liquidity (cash plus unencumbered BTC) and a fresh $588 million convertible notes raise.\u003C/p>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>Not Alone: The Miner-to-AI Migration Wave\u003C/strong>\u003C/h4>\n\n\u003Cp>Bitfarms isn't trailblazing in isolation - this is an industry reckoning. Post-2024 halving, hashrate explosions and reward cuts have turned mining into a margin-melting machine. Enter AI: Miners' edge? They already own the power-hungry data centers, cheap electricity contracts, and cooling tech that Big Tech covets.\u003C/p>\n\n\u003Cp>\u003Cstrong>\u003Cimg alt=\"\" class=\"image-align-left\" height=\"169\" src=\"https://quasa.io/storage/photos/00/image - 2025-11-15T180320.615.jpg\" width=\"300\" />- Cipher Mining (CIFR):\u003C/strong> The Texas-based operator inked a blockbuster $5.5 billion, 15-year lease with Amazon Web Services (AWS) for 300 MW of AI-dedicated capacity, phased in from 2026. Add a $3 billion Google-backed deal via Fluidstack for another 300 MW, and Cipher's AI pipeline hits $8.5 billion - fueling a 34% stock surge and Q3 adjusted earnings of $41 million (net loss narrowed to $3 million). They're now 95% owners in a 1 GW West Texas AI joint venture, blending crypto roots with hyperscaler cash.\u003C/p>\n\n\u003Cp>\u003Cstrong>> Example: Cipher's AWS AI Lease in Action\u003C/strong>\u003Cbr />\n> An AWS customer - say, a biotech firm modeling protein folds - books 100 MW for drug discovery. Over 15 years, this yields Cipher $1.1 billion in steady lease payments, with utilization rates hitting 90% thanks to AWS's demand pipeline. Unlike Bitcoin's volatility, these contracts are ironclad, covering opex and funding expansions like the $1.4 billion Barber Lake bond for more GPU racks.\u003C/p>\n\n\u003Cp>\u003Cstrong>- TeraWulf (WULF):\u003C/strong> Betting big on zero-carbon creds, TeraWulf secured a $3.7 billion, 10-year colocation pact with Google-endorsed Fluidstack for its Lake Mariner facility (200 MW by late 2026). Google upped its stake to 14% with a $3.2 billion backstop for a $3 billion debt raise, orchestrated by Morgan Stanley. SoftBank's involvement in similar Fluidstack ventures adds Japanese capital firepower. Shares? Up 94% YTD on AI hype.\u003C/p>\n\n\u003Cp>\u003Cstrong>> Example: TeraWulf's Green AI Compute for Enterprises\u003C/strong>\u003Cbr />\n> A European wind energy firm uses TeraWulf's nuclear-powered GPUs to optimize turbine designs via AI simulations. They commit 50 MW for three years at $200 million total, earning TeraWulf predictable revenue while touting "carbon-neutral" creds to ESG investors. Google's backstop ensures debt at BB ratings, slashing interest costs by 2-3% and freeing $60 million annually for R&D.\u003C/p>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>The Bigger Bet: Why AI Trumps BTC for These Titans\u003C/strong>\u003C/h4>\n\n\u003Cp>\u003Cimg alt=\"\" class=\"image-align-left\" height=\"172\" src=\"https://quasa.io/storage/photos/00/2025-11-15_17-54-42 (1).jpg\" width=\"300\" />This exodus isn't panic - it's pragmatism. Bitcoin mining demands constant capex for ASICs amid rising network difficulty, while AI flips the script: Long-term leases mean recurring revenue, often 2-3x mining's margins. Plus, miners' remote sites sidestep urban data center shortages, and their power pacts (hydro, nuclear) align with AI's green mandates.\u003C/p>\n\n\u003Cp>Yet risks loom: Execution hiccups in GPU integration, regulatory scrutiny on energy use, and the irony of ditching BTC just as ETF inflows rebound. Bitfarms' Bitcoin 2.1 program - selling options on treasury holdings - aims to hedge this, blending old and new worlds.\u003C/p>\n\n\u003Chr />\n\u003Cp>\u003Cstrong>Also read:\u003C/strong>\u003C/p>\n\n\u003Cul>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/while-creators-panic-about-ai-smart-ones-are-cashing-in-with-full-consent-and-royalties\">While Creators Panic About AI, Smart Ones Are Cashing In — With Full Consent and Royalties\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/wikipedia-founder-storms-out-of-interview-after-48-seconds-over-co-founder-question\">Wikipedia Founder Storms Out of Interview After 48 Seconds Over Co-Founder Question\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/another-content-war-ends-disney-returns-its-channels-to-youtube-tv\">Another Content War Ends: Disney Returns Its Channels to YouTube TV\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/how-to-effectively-optimize-your-production-line\">How to Effectively Optimize Your Production Line?\u003C/a>\u003C/li>\n\u003C/ul>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>Dawn of a Hybrid Era?\u003C/strong>\u003C/h4>\n\n\u003Cp>As Gagnon put it, "The contracts associated with HPC/AI customers provide long-term, steady cash flows." For Bitfarms and peers, 2026 marks not an end, but evolution - from volatile validators of blockchain to indispensable enablers of intelligence. In a world where compute is king, these ex-miners might just mint the next fortune. Investors, take note: The pickaxe sellers are now selling the shovels for silicon.\u003C/p>\n\n\u003Cp>Author: \u003Ca href=\"https://www.linkedin.com/in/slava-vasipenok/\">Slava Vasipenok\u003C/a>\u003Cbr />\nFounder and CEO of QUASA (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.\u003C/p>\n\n\u003Cp>Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.\u003C/p>\n\n\u003Cp>This is not financial or investment advice. Always do your own research (DYOR).\u003C/p>","major-bitcoin-miner-phases-out-crypto-for-ai-gold-rush-bitfarms-leads-the-charge","2025-11-15T17:05:56.000000Z","2025-11-22T03:58:00.000000Z","22.11.2025",{"image":82,"thumb":83},"https://quasa.io/storage/images/news/pjpEZTjeT9xcOsI6wOxuuMZKjXQyWoMjqgYVFcup.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/pjpEZTjeT9xcOsI6wOxuuMZKjXQyWoMjqgYVFcup.jpg","small",null,1420,0,"en",{"id":69,"title":65,"slug":66,"meta_title":90,"meta_description":91,"meta_keywords":92,"deleted_at":85,"created_at":93,"updated_at":94,"lang":88},"Quasa Media - Growth Hacking in Business","Business is a battlefield. In QUASA MEDIA you will find all the most useful articles on how to do business and not screw up.","Business, earn money, business strategy, business process","2021-08-03T10:59:17.000000Z","2024-08-25T15:45:11.000000Z",[96,109,120,131,142],{"title":97,"description":98,"slug":99,"created_at":100,"publish_at":101,"formatted_created_at":102,"category":103,"links":104,"view_type":84,"video_url":85,"views":107,"likes":87,"lang":88,"comments_count":87,"is_pinned":108},"YouTube Is Tightening the Screws: Unskippable Long Ads Are Coming — Even If You Don’t Like It","YouTube has officially decided to stop pretending.In a move that many saw coming but hoped would never actually happen, the platform is rolling out longer, unskippable ads — and they’re starting with the TV app.","youtube-is-tightening-the-screws-unskippable-long-ads-are-coming-even-if-you-don-t-like-it","2026-03-25T18:13:01.000000Z","2026-04-07T11:07:00.000000Z","07.04.2026",{"title":55,"slug":56},{"image":105,"thumb":106},"https://quasa.io/storage/images/news/jDkf2DFZ7806GqMWYw0QxMTPHUHpgImLFgi4BTPE.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/jDkf2DFZ7806GqMWYw0QxMTPHUHpgImLFgi4BTPE.jpg",13,false,{"title":110,"description":111,"slug":112,"created_at":113,"publish_at":114,"formatted_created_at":102,"category":115,"links":116,"view_type":84,"video_url":85,"views":119,"likes":87,"lang":88,"comments_count":87,"is_pinned":108},"Stranger Things Is Heading to the Kitchen: Netflix Turns Overcooked into Its Next Big Franchise Play","Netflix is once again proving it will try literally anything to get you to open the Games tab.","stranger-things-is-heading-to-the-kitchen-netflix-turns-overcooked-into-its-next-big-franchise-play","2026-03-25T18:04:36.000000Z","2026-04-07T09:53:00.000000Z",{"title":58,"slug":63},{"image":117,"thumb":118},"https://quasa.io/storage/images/news/rOBSyjv4EZhVjNfbcHhgjnJKaY05XHB0FcOVRnXU.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/rOBSyjv4EZhVjNfbcHhgjnJKaY05XHB0FcOVRnXU.jpg",71,{"title":121,"description":122,"slug":123,"created_at":124,"publish_at":125,"formatted_created_at":102,"category":126,"links":127,"view_type":84,"video_url":85,"views":130,"likes":87,"lang":88,"comments_count":87,"is_pinned":108},"Showmax Shutdown Leaves African Screen Industry in Crisis — Filmmakers Now Bet Everything on Mobile Micro-Dramas","The mood across Africa’s film and TV community is unusually somber. After months of losses, Canal+ has officially pulled the plug on Showmax, its once-ambitious pan-African streaming service. The closure marks another major retreat by global platforms from the continent, leaving local creators wondering who will fund and distribute African stories in the years ahead.","showmax-shutdown-leaves-african-screen-industry-in-crisis-filmmakers-now-bet-everything-on-mobile-micro-dramas","2026-03-25T17:50:16.000000Z","2026-04-07T06:44:00.000000Z",{"title":65,"slug":66},{"image":128,"thumb":129},"https://quasa.io/storage/images/news/VNyFXzXDGJLKejycWNbh1ePKPbsVpyFGX2iMvqJ3.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/VNyFXzXDGJLKejycWNbh1ePKPbsVpyFGX2iMvqJ3.jpg",221,{"title":132,"description":133,"slug":134,"created_at":135,"publish_at":136,"formatted_created_at":102,"category":137,"links":138,"view_type":84,"video_url":85,"views":141,"likes":87,"lang":88,"comments_count":87,"is_pinned":108},"Uber CEO Dara Khosrowshahi Just Said What Every Other Executive Is Too Scared to Admit: AI Will Replace 70-80% of Human Work","While most corporate leaders are busy preaching the comforting gospel of “AI creates more jobs than it destroys” and “it’s a tool, not a replacement,” Uber’s CEO Dara Khosrowshahi just went full truth mode.","uber-ceo-dara-khosrowshahi-just-said-what-every-other-executive-is-too-scared-to-admit-ai-will-replace-70-80-of-human-work","2026-03-25T17:43:14.000000Z","2026-04-07T03:33:00.000000Z",{"title":47,"slug":48},{"image":139,"thumb":140},"https://quasa.io/storage/images/news/BLwVnZEkWVH2PNnNbLCvRqYV5x4YsiJ0KUJIIbYo.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/BLwVnZEkWVH2PNnNbLCvRqYV5x4YsiJ0KUJIIbYo.jpg",357,{"title":143,"description":144,"slug":145,"created_at":146,"publish_at":146,"formatted_created_at":147,"category":148,"links":149,"view_type":84,"video_url":85,"views":152,"likes":87,"lang":88,"comments_count":87,"is_pinned":108},"Major Update to quasa.io: A Bold Leap into the Future of Digital Excellence","The new quasa.io is faster, smarter, more beautiful, and significantly more enjoyable to use. It reflects our commitment to continuous innovation and our belief that great digital experiences should be effortless.","major-update-to-quasa-io-a-bold-leap-into-the-future-of-digital-excellence","2026-04-06T11:43:31.000000Z","06.04.2026",{"title":58,"slug":63},{"image":150,"thumb":151},"https://quasa.io/storage/images/news/T12ikCbCEbWit9wAaXtOa105nmEcUajOjCXdTuOX.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/T12ikCbCEbWit9wAaXtOa105nmEcUajOjCXdTuOX.jpg",772,[154,167,181,193,206],{"title":155,"description":156,"slug":157,"created_at":158,"publish_at":159,"formatted_created_at":160,"category":161,"links":162,"view_type":84,"video_url":85,"views":165,"likes":166,"lang":88,"comments_count":87,"is_pinned":108},"The Anatomy of an Entrepreneur","Entrepreneur is a French word that means an enterpriser. Enterprisers are people who undertake a business or enterprise with the chance of earning profits or suffering from loss.","the-anatomy-of-an-entrepreneur","2021-08-04T15:18:21.000000Z","2025-12-14T06:09:00.000000Z","14.12.2025",{"title":65,"slug":66},{"image":163,"thumb":164},"https://quasa.io/storage/images/news/mVsXPTMuHZuI7UXCsENgL1Qwp1uSOf7Rz3uVPMfm.webp","https://api.quasa.io/thumbs/news-thumb/images/news/mVsXPTMuHZuI7UXCsENgL1Qwp1uSOf7Rz3uVPMfm.webp",66224,2,{"title":168,"description":169,"slug":170,"created_at":171,"publish_at":172,"formatted_created_at":173,"category":174,"links":175,"view_type":178,"video_url":85,"views":179,"likes":180,"lang":88,"comments_count":87,"is_pinned":108},"Advertising on QUASA","QUASA MEDIA is read by more than 400 thousand people a month. We offer to place your article, add a link or order the writing of an article for publication.","advertising-on-quasa","2022-07-06T07:33:02.000000Z","2025-12-15T17:33:02.000000Z","15.12.2025",{"title":58,"slug":63},{"image":176,"thumb":177},"https://quasa.io/storage/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","large",65309,4,{"title":182,"description":183,"slug":184,"created_at":185,"publish_at":186,"formatted_created_at":187,"category":188,"links":189,"view_type":84,"video_url":85,"views":192,"likes":180,"lang":88,"comments_count":87,"is_pinned":108},"What is a Startup?","A startup is not a new company, not a tech company, nor a new tech company. You can be a new tech company, if your goal is not to grow high and fast; then, you are not a startup. ","what-is-a-startup","2021-08-04T12:05:17.000000Z","2025-12-17T13:02:00.000000Z","17.12.2025",{"title":65,"slug":66},{"image":190,"thumb":191},"https://quasa.io/storage/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp","https://api.quasa.io/thumbs/news-thumb/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp",64162,{"title":194,"description":195,"slug":196,"created_at":197,"publish_at":198,"formatted_created_at":199,"category":200,"links":201,"view_type":84,"video_url":85,"views":204,"likes":166,"lang":88,"comments_count":205,"is_pinned":108},"Top 5 Tips to Make More Money as a Content Creator","Content creators are one of the most desired job titles right now. Who wouldn’t want to earn a living online?","top-5-tips-to-make-more-money-as-a-content-creator","2022-01-17T17:31:51.000000Z","2026-01-17T11:30:00.000000Z","17.01.2026",{"title":19,"slug":20},{"image":202,"thumb":203},"https://quasa.io/storage/images/news/gP8kiumBPpJmQv6SMieXiX1tDetx43VwFfO1P4Ca.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/gP8kiumBPpJmQv6SMieXiX1tDetx43VwFfO1P4Ca.jpg",38877,1,{"title":207,"description":208,"slug":209,"created_at":210,"publish_at":211,"formatted_created_at":212,"category":213,"links":214,"view_type":178,"video_url":85,"views":217,"likes":166,"lang":88,"comments_count":87,"is_pinned":108},"8 Logo Design Tips for Small Businesses","Your logo tells the story of your business and the values you stand for.","8-logo-design-tips-for-small-businesses","2021-12-04T21:59:52.000000Z","2025-05-05T03:30:00.000000Z","05.05.2025",{"title":15,"slug":16},{"image":215,"thumb":216},"https://quasa.io/storage/images/news/Wbx2NtS1CnTupgoQbpFMGspJ5jm4uob2hDOq33r0.jpg","https://api.quasa.io/thumbs/news-thumb/images/news/Wbx2NtS1CnTupgoQbpFMGspJ5jm4uob2hDOq33r0.jpg",38481,[219,220,221,222,223,224,225,226,227,228,229,230,231],{"title":23,"slug":24},{"title":47,"slug":48},{"title":55,"slug":56},{"title":43,"slug":44},{"title":51,"slug":52},{"title":31,"slug":32},{"title":35,"slug":36},{"title":27,"slug":28},{"title":19,"slug":20},{"title":15,"slug":16},{"title":58,"slug":63},{"title":11,"slug":12},{"title":65,"slug":66}]