On the 12th (local time), The Block reported that Bitfarms is accelerating its investment in high-performance computing (HPC) and is considering investing in President Donald Trump's cryptocurrency.
・With support from the government for artificial intelligence (AI), the company is planning to move its headquarters to the United States. Currently, 82% of Bitfarms' energy portfolio is located in North America, and
The company encompasses multiple facilities and a base in Quebec, Canada. CEO Ben Gagnon said, "We are building a North American energy portfolio to provide HPC and AI infrastructure.
"We have a 1GW pipeline of projects in Pennsylvania and a major location near Amazon and Coaweb facilities.
"With its new campus in Argentina's Bay Creek as its base, Bitfarms will secure a significant share of the rapidly growing AI infrastructure hub market," he said.
Due to the power outage at the mining facilities and the worsening economic uncertainty in the area, the decision has been made to halt mining operations in the area.
President Trump has stated that he wants to make the United States a "cryptocurrency mining hub," and his son Eli
Through his children Eric and Donald Jr., he has a financial interest in a subsidiary of Hut 8, a US-based Bitcoin mining company.
Bitfarms' second-quarter net loss was $29 million, slightly wider than the $27 million net loss in the same period last year. Revenue was $78 million, with 718 Bitcoins sold for 1 BTC.
The company mined 1,052 BTC at an average price of $48,200 per 100,000 BTC, and sold 1,052 BTC at an average price of $95,500, securing a total of $100 million.
2025/08/14 10:15 KST
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