Bitfarms Ltd. ( (BITF) ) has released its Q3 earnings. Here is a breakdown of the information Bitfarms Ltd. presented to its investors.
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Bitfarms Ltd., a North American energy and digital infrastructure company, focuses on building and operating data centers and energy infrastructure for high-performance computing and Bitcoin mining.
In its third-quarter 2025 earnings report, Bitfarms Ltd. announced a significant revenue increase from continuing operations, alongside strategic initiatives to pivot towards high-performance computing (HPC) and artificial intelligence (AI) infrastructure in North America.
Key financial highlights include a 156% year-over-year increase in revenue from continuing operations, reaching $69 million, and a successful $588 million convertible notes offering. The company also reported a net loss of $46 million from continuing operations, with an adjusted EBITDA of $20 million, marking a substantial improvement from the previous year. Strategic announcements include plans to convert their Washington site to support advanced AI workloads and the acquisition of a property in Sharon, Pennsylvania, to expand HPC/AI infrastructure.
Bitfarms is also enhancing its power portfolio, with plans to expand power capacity significantly across its sites. The company has secured substantial liquidity, with $814 million available as of November 2025, providing financial flexibility to advance its infrastructure projects.
Looking forward, Bitfarms is committed to its strategic shift towards HPC/AI infrastructure, with plans to support Nvidia’s next-generation GPUs. The company aims to capitalize on the growing demand for AI computing, positioning itself as a leader in the digital infrastructure sector by 2027.