Bitfarms (BITF) announced its plans for converting its Washington site to HPC/AI workloads. The company’s 18 MW Bitcoin mining facility in Washington State will be the first site fully converted to support HPC/AI workloads with up to 190KW per rack and advanced liquid cooling. Bitfarms has signed a fully funded, binding agreement of $128M with a large publicly traded American multinational provider of critical infrastructure and services for data centers. Under the terms of the agreement, the partner will supply all critical IT equipment and building materials for 18 MW of gross capacity with an anticipated industry leading PuE, between 1.2 and 1.3. The site is targeted for completion in December 2026.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BITF:
- These Are the Stocks Reporting Earnings Today – November 13, 2025
- Crypto Currents: Banks push tokenization as AI stocks wobble
- Moderately bullish activity in Bitfarms with shares down 2.93%
- BITF Earnings this Week: How Will it Perform?
- Options Volatility and Implied Earnings Moves This Week, November 10 – November 14, 2025
