Bitfarms last week announced it had tapped Appleby Strategy Group (ASG) and World Wide Technology (WWT), to conduct a comprehensive feasibility analysis on all its North American sites and advise on its global HPC/AI strategy. According to the company, ASG and WWT are evaluating Bitfarms’ energy portfolio for potential partial or total conversion to HPC/AI sites, as well as developing an “accelerated sales strategy” to market the sites to potential customers.
Bitfarms CEO Ben Gagnon said: “Bitfarms is committed to maximizing the utility and value of our 1.2GW North American portfolio. ASG and WWT will draw upon their substantial expertise to evaluate our sites for HPC/AI.”
Gagnon continued: “Based on active discussions over the past several months with potential HPC/AI partners and customers, we are confident that our North American portfolio pipeline, particularly sites located on the PJM grid, is strongly suited for HPC/AI. The contracts associated with HPC/AI customers provide long-term, steady cash flows and earnings streams while our Bitcoin mining operations will continue to monetize Bitcoin’s flexible upside potential, creating a powerful and resilient portfolio that will generate long-term value for our shareholders.”
