Bitfarms stock surges after pivot from Bitcoin mining to AI

Bitfarms' stock price surged after the company shifted its identity from a Bitcoin firm to one focused on artificial intelligence (AI), CoinDesk reported. CEO Ben Gagnon stated that the company is "no longer a Bitcoin company," emphasizing that it is now an "infrastructure owner and developer for HPC/AI data centers across North America." Following the news, Bitfarms' stock rose 18%, recovering all of its losses from the previous day. The company plans to focus on building data centers for high-performance computing (HPC) and AI workloads.