Bitcoin mining companies' strategic overhaul: selling Latin America operations, relocating registration to the US, shifting focus to AI computing

【Blockchain Rhythm】Bitcoin mining company Bitfarms recently announced a series of strategic adjustments. On January 14, the company announced the appointment of Edie Hofmeister as Chairman of the Board, succeeding Brian Howlett who has held the position since 2024 and will now serve as an independent director to continue participating in company affairs.

There are deeper strategic considerations behind this personnel change. Bitfarms is pushing a key move—relocating its registration to the United States. The purpose is clear: to better integrate into the US capital market system, attract more US investors, and strive to be included in mainstream stock indices. For a mining company primarily targeting global investors, recognition by the US capital market is undoubtedly very important.

In line with this strategy, the company is also adjusting its business structure. In January, Bitfarms fully divested its operations in Latin America for $30 million. This transaction reflects a shift in the company’s priorities—from purely mining operations to AI and high-performance computing fields. The transformation from mining to computing services has become an industry trend, and Bitfarms’ move clearly aligns with market demands to prepare for long-term competitiveness.