NVIDIA - The Latremie Post

Bitfarms to exit Bitcoin mining and go all-in on AI by 2027

Bitfarms to Transition Bitcoin Mining Operations to AI-Focused High-Performance Computing Data Centers

Bitfarms has announced plans to shut down its Bitcoin mining operations over the next two years and gradually convert its facilities into AI-focused high-performance computing data centers. The company will begin this strategic transition with its site in Washington, repurposing the facility to support a new generation of compute-intensive workloads, according to a statement released on November 13.

The Washington facility, an 18-megawatt Bitcoin mining site, is expected to complete its transformation by December 2026. It will feature state-of-the-art infrastructure powered by Nvidia’s flagship GPUs. This setup will be capable of handling workloads of up to 190 kilowatts per rack, enhanced by advanced liquid cooling systems to ensure optimal performance.

As part of the conversion plan, a partner will supply all critical IT hardware and building materials needed to complete the transition. Bitfarms CEO Ben Gagnon emphasized the potential benefits of this pivot: “We believe there are compelling reasons to consider pursuing a GPU-as-a-Service or Cloud monetization strategy, specifically at Washington. Despite being less than 1% of our total developable portfolio, 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.”

Gagnon further expects that the Washington site’s conversion will establish “a strong cashflow foundation” for the company. This foundation will support the wind-down of Bitfarms’ Bitcoin mining business by 2026 and 2027.

### Industry Shift: Bitcoin Miners Pivoting to AI

The Bitcoin mining industry has become increasingly competitive, with shrinking profit margins and expensive upkeep costs. Crypto miners, however, already benefit from having readily available infrastructure and power contracts, giving them an edge over traditional data center operators.

As a result, many Bitcoin mining companies are dismantling their rigs and shifting their focus to AI and high-performance computing workloads, especially after the 2024 Bitcoin halving event, which reduced block rewards and tightened mining economics.

Bitfarms’ mining revenue had already shown signs of strain in the first half of 2025, marked by compressed gross margins and rising production costs. With the AI sector promising stronger recurring revenue streams and increased enterprise demand, Bitfarms is positioning itself to capitalize on this growing opportunity—following the lead of many publicly traded competitors.

### Shareholder Support and Financial Performance

Shareholders have supported Bitfarms’ strategic pivot, which is reflected in the company’s strong share performance throughout much of 2025. By doubling down on its transition into compute infrastructure, Bitfarms has successfully leveraged the booming AI wave.

The move is also motivated by recent financial challenges. In its latest quarter, Bitfarms posted a net loss of $46 million, or 8 cents per share, which fell short of analyst expectations forecasting a 2-cent loss per share. This occurred despite a 156% year-over-year increase in revenue, which reached $69 million.

—

Bitfarms’ shift from Bitcoin mining to AI-powered computing infrastructure underscores the evolving landscape of the crypto and tech industries. With the Washington facility serving as the first step in this transition, the company aims to build a sustainable and profitable future in the rapidly expanding AI market.
https://crypto.news/bitfarms-to-exit-bitcoin-mining-and-go-all-in-on-ai-by-2027/

Don’t panic over tech, AI stocks selloff, analysts dismiss fears

There was a clear change in mood across world markets on Wednesday as tech stocks experienced sharp declines from record highs and some stretched valuations. Until this week, traders had been happy to overlook warnings, rising prices, and doubts about whether the most popular companies had justified the surge in their share prices.

Now, the drop has forced investors to reflect on whether the gains had gone too far and too fast. However, even with some large names losing billions in value in a matter of hours, most heavyweight fund managers insisted this was not a full-blown crisis moment, but more of a short wobble after a long winning streak.

### Experts Still Favor AI and Tech Stocks

Shares across Asia were sold down for the second day in a row, with indices in Seoul and Tokyo roughly 5% below earlier highs logged only on Tuesday morning. Nasdaq futures were also weaker, even after the US benchmark had already fallen 2% the day before.

The biggest hits were taken by the same stocks that had ridden the boom on the way up. Nvidia, which only a year or two ago was little known outside specialist circles, has since become the most valuable company on the planet due to the AI rush. The company slid nearly 4% on Tuesday and was around 7% below last month’s top.

Palantir, another strong favorite during the boom, fell almost 8% on the day and then slipped a further 3% in after-hours trade.

### Profit-Taking and Market Timing

Some managers blamed timing. With the year-end window in sight, there is little incentive to let paper gains reverse if the market begins to swing the wrong way.

One investor in Hong Kong described the decline as more about locking in profits than abandoning AI. Meanwhile, another investor in Sydney said he was not afraid to step in and buy while others were rushing for the exits, though he admitted he could be wrong.

There was also a warning from South Korea’s exchange regarding the chipmaker SK Hynix. The statement was routine, but because the firm had already tripled in value over twelve months, the caution was enough to spark a two-day drop of about 6%.

### Underlying Market Concerns

The market had already been wrestling with a long list of worries in recent weeks: high borrowing costs, stubborn inflation, and ongoing trade disputes. However, US markets still climbed by more than 50% from April before the latest fall, showing how strong the momentum behind AI names had become.

Sentiment in Europe softened as well. Tech was the weakest part of the main European index, and the German DAX also dipped. The Dutch AEX, where ASML—a key supplier to Nvidia—trades, also slipped.

Some top Wall Street bosses, including the chiefs of Morgan Stanley and Goldman Sachs, have wondered aloud whether stock prices can remain at these heights without further proof of sustained profits. One economist in Europe said conditions generally still looked favorable but acknowledged that valuations had become severe, leaving almost no space for mistakes.

### Market Movers Before US Opening Bell

Among the names moving before the US opening bell were AMD and Super Micro Computer, both down more than 4%, while some of the older tech giants held steadier. Meta even managed a small gain.

Chinese markets bucked the trend slightly, lifting in response to news that Beijing would suspend part of its tariffs on US goods for a year.

### Safe Haven Assets and Cryptocurrency

Safe haven assets firmed as gold rose by almost 1% to sit near $1,963 an ounce, and government bonds were steady, holding yields near 4.09% on US ten-year paper. Bitcoin, which has swung wildly for months, briefly dipped below $100,000 before bouncing back above that level.

### Conclusion

Even after the turbulence, no major investor said the AI boom was dead. The recent downturn appears to be a pause rather than a pivot, with many experts still bullish on the long-term potential of AI and tech stocks.

—

If you’re reading this, you’re already ahead. Stay there with our newsletter.
https://bitcoinethereumnews.com/tech/dont-panic-over-tech-ai-stocks-selloff-analysts-dismiss-fears/

China ends Google antitrust probe, shifts regulatory focus to NVIDIA

**China Ends Google Antitrust Probe, Shifts Regulatory Focus to NVIDIA**
*By Akash Pandey | Sep 18, 2025, 01:21 PM*

China has decided to end its antitrust investigation into tech giant Google, six months after it was launched, according to the Financial Times. This development comes amid escalating trade talks between Beijing and Washington, particularly concerning TikTok. It is important to note that Google has not yet been officially informed about the decision to terminate the probe.

### Details of the Probe into Google’s Android OS

The State Administration for Market Regulation (SAMR) of China decided to end the competition investigation against Google, a move referred to as “zhongzhi” in Chinese. The probe, launched in February, focused on Google’s dominance in the Android operating system market. Authorities scrutinized how this dominance affects Chinese smartphone manufacturers such as OPPO and Xiaomi, which heavily rely on Google’s software ecosystem.

### Strategic Shift in China’s Regulatory Focus

The termination of the investigation is seen as a positive gesture toward Washington, signaling Beijing’s willingness to negotiate in ongoing trade discussions. A source told the Financial Times, “Drop one case but seize the other. China is trying to narrow its retaliatory targets to make them more potent.”

Now, China’s regulatory attention has shifted to NVIDIA, the world’s most valuable chipmaker. This shift could serve as leverage in the broader context of US-China trade negotiations.

### TikTok: US Ban Extended by Three Months

Earlier this week, US President Donald Trump announced an agreement had been reached with China over the sale of TikTok. This announcement followed Treasury Secretary Scott Bessent’s confirmation of a “framework agreement” related to the app.

Despite the progress, Trump signed an executive order extending the ban on TikTok for an additional three months. This marks the fourth delay of the law intended to compel the sale of TikTok from its Chinese owner, extending regulatory uncertainty around the popular social media platform.

—

China’s move to end the Google antitrust probe while focusing on NVIDIA highlights a tactical shift in its regulatory approach amidst sensitive US-China trade relations. The developments around TikTok remain closely watched as part of these ongoing geopolitical negotiations.
https://www.newsbytesapp.com/news/business/china-ends-probe-into-google-amid-trade-talks-with-us/story