Bitfarms Files to Convert Cryptomine into AI Data Center

Cryptomining firm Bitfarms is set to demolish a former Bitcoin mining facility in Washington state in order to redevelop it into an HPC/AI data center.  The revamped facility is expected to be completed by December 2026, adding to the region’s growing number of data centers that are making use of Washington's cooler climate and relatively low-cost power.

“We continue executing on our HPC/AI infrastructure development strategy with a fully funded supply chain and plan to convert our Washington site to support Nvidia GB300s with state-of-the-art liquid cooling,” Bitfarms CEO Ben Gagnon said when the project was first announced.

“While our focus is on developing infrastructure to support Nvidia’s next generation of Vera Rubin GPUs across most of our portfolio, with nearly a billion dollars in cash, unused credit facilities, and Bitcoin and numerous potential GPU financing options available, we believe there are compelling reasons to consider pursuing a GPU-as-a-Service or cloud monetization strategy specifically at Washington.”