• Bitfarms registers significantly high revenue.
• The shift of the U.S. is in line with the AI infrastructure.
• Specializing in computing services and crypto mining.

Bitfarms, a market leader in Bitcoin mining, shocked investors in Q2 2025 with a revenue surge of 87% Y.O.Y. The overall revenue was recorded at 78 million due to the strategic sale of Bitcoins. A revolution in AI and HPC infrastructure.

The company is already in the process of redomiciling to the United States, which is a clear indicator of its decisive shift in gaining political and economic support of the region for its crypto mining and AI development.

Bitfarms’ Bold U.S. Move: More Than Just Mining

Bitfarms is not just mining Bitcoin anymore. The company is evolving into an energy and computing juggernaut since it is putting a lot of emphasis on AI infrastructure in North America. 

Its flagship Panther Creek data center in Pennsylvania has over 1GW of electricity capacity.

Being close to such tech giants as Amazon and CoreWeave puts Bitfarms in a unique advantage. This positioning also stood out in the thoughts of CEO Ben Gagnon to take up a considerable market share in AI, which would be a possible major growth factor beyond the conventional crypto mining business.

This strategic redomicile implies that Bitfarms is able to take advantage of more friendly U.S. rules and a wider investor base. 

In addition, the firm has moved its head service point to New York City, strengthening its US presence and showing a strong commitment to the area.

Cutting Losses, Boosting Efficiency

Although the net loss of the quarter was 29 million dollars by Bitfarms, the growth compared to the previous year of 27 million is small, considering the growth investments. The company has a good gross mining margin of 45% against the 43% in the last quarter.

Source – bitfarms.com 

The Bitcoin production is also solid, as 718 BTC were produced during Q2, and the direct costs to produce Bitcoin were 48,200 per Bitcoin, and revenue was about 98,000 per Bitcoin. 

Noticeably, Bitfarms added 1,402 BTC in Bitcoins, which represents a 25 percent increment over the past end of 2024. Despite the deficit, Bitfarms repurchased 4.9 million shares for $1.24 each.

Jeff Lucas, the CFO of the company, observed that this action is an indication of the company being bullish about its underpriced stocks.

Exit from Argentina: A Strategic Realignment

Bitfarms is closing its Argentine mines. The main reasons cited by the company are the interruptions to energy supply and risks in the economic environment in the region. 

This divestment streamlines its operations and re-channels its resources to its North American energy portfolio, which accounts for 82 percent of its entire megawatt capacity.

Ventures on the Argentinian site are likely to fetch the company nearly 18 million dollars, which will be used to consolidate on the infrastructure construction ventures in the U.S.

A Strategic Pivot to AI and HPC

Bitfarms has been quick to make a shift from its straight-up Bitcoin mining into a diversified tech infrastructure business. T5 Data Centers obtained $300 million in financial funding from Macquarie Group to build the Pennsylvania data center.

This will tap into the increasing interest in AI because, in the region alone, big tech companies such as Amazon, Google, and Meta have invested over $90 billion.

The company anticipates that regulators will fast-track the processes involved in such projects, with strong support from the local government. Bitfarms has forecasted that its pipeline of North American megawatts is going to be U.S.-based in the future.