Bitfarms Plans Share Buyback Amid Strategic Shift Toward Bitcoin Mining and AI Infrastructure

Key Points

1. Bitfarms received TSX approval to repurchase up to 10% of its public float (49.9 million shares) over 12 months, starting July 28, 2025.

2. The company reported a $36 million net loss in Q1 2025 but maintained a 63% gross profit margin, up from 43% year-over-year.

3. Bitfarms secured a $300 million credit facility from Macquarie to expand its high-performance computing (HPC) capabilities in Pennsylvania.

4. The company is transitioning to focus on AI and HPC, leveraging its energy portfolio for cost-effective operations and scalability.

5. Bitfarms' US expansion aims to diversify its market presence and capitalize on the growing demand for AI infrastructure services.