Bitfarms announces its Q3 2025 performance, accelerating its transition to AI infrastructure.

2025-11-13 12:46:11

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According to Deep Tide TechFlow news, on November 13, Bitfarms (NASDAQ/Toronto Stock Exchange: BITF) released its third-quarter financial report for 2025, with continuous operating business revenue reaching $69 million, a year-on-year rise of 156%. The company successfully completed a $588 million convertible bond issuance and announced plans to transform its Washington site into a high-performance computing facility supporting Nvidia GB300 GPUs, with a target completion date of December 2026. The company has terminated its operations in Argentina and Paraguay to focus on the North American market. As of November 12, Bitfarms holds $814 million in liquid assets, with adjusted EBITDA of $20 million, accounting for 28% of revenue. CEO Ben Gagnon stated that the company is transitioning from an international Bitcoin miner to a North American energy and digital infrastructure company, aiming to lead the industry in developing infrastructure to support Nvidia's next-generation Vera Rubin GPUs.

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