Overview
- The company reported $814 million in liquidity as of November 12, including $637 million in cash and $177 million in Bitcoin, after closing $588 million in convertible notes.
- Bitfarms will convert its 18 MW Washington site to host Nvidia GB300 GPUs with advanced liquid cooling under a $128 million supply deal, targeting completion by December 2026 with up to 190 kW per rack and a projected PUE of 1.2–1.3.
- The Sharon, Pennsylvania property was acquired outright, with 30 MW set for AI repurposing and an additional 80 MW substation expected online by late 2026.
- At the Panther Creek campus, utility PPL signaled support for converting 60 MW from interruptible to firm service, which could expand total potential capacity past 500 MW pending load studies and project financing tied to the Macquarie facility.
- Q3 2025 results showed $69 million in revenue, $20 million in adjusted EBITDA and a $46 million net loss, and shares fell in early trading following the pivot and earnings update.