Canadian bitcoin miner Bitfarms mulls pivot to AI data centers

(Reuters) – Toronto-based bitcoin miner Bitfarms has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday.

WHY IT’S IMPORTANT

Crypto miners often own large plots of land and significant power resources — assets that are also crucial for high-performance computing (HPC) and AI data centers.

To capitalize on the AI boom, many miners have begun to repurpose parts of their…