Bitfarms is winding down its Bitcoin mining over two years to focus on AI and high-performance computing infrastructure amid falling crypto profits.
Bitfarms Ltd., one of the largest cryptocurrency miners, said it plans to wind down those operations over the next two years ...
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At a time when Bitcoin (BTC) mining is dominated by large-scale mining farms with advanced, specialized hardware, the odds of a solo miner striking the so-called digital gold are astronomically low.
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Analysts warn that pressures around power, software, and hosting could change the economics of Bitcoin mining.
Bitfarms is among the biggest laggards in the crypto mining sector, driven lower by a top- and bottom-line miss today.