Bitfarms Shifts from Bitcoin Mining to AI; CleanSpark Boosts Share Buyback Strategy

Bitcoin Mining Updates and Market Insights

Bitfarms has announced plans to gradually cease its Bitcoin mining operations over the next two years. According to a report by Cointelegraph, the company's stock price plummeted following this announcement. Bitfarms will convert its 18-megawatt mining facility in Washington State to support artificial intelligence and high-performance computing, with completion expected by December 2026. CEO Ben Gagnon stated that this transformation could generate net operating income exceeding all previous earnings from Bitcoin mining.

“Although the Washington site accounts for less than 1% of our total developable assets, we believe that the conversion of this site to GPU-as-a-Service could generate potential net operating income that exceeds all our previous earnings from Bitcoin mining.” - Ben Gagnon, CEO of Bitfarms

Key Takeaway: Bitfarms is shifting focus from Bitcoin mining to AI and high-performance computing, potentially impacting its revenue streams.

CleanSpark, another Bitcoin mining company, has spent $460 million to repurchase 30.6 million shares, which represents about 10% of its current float. This buyback does not include shares from board members or executives. Additionally, the company has completed the issuance of convertible preferred bonds to raise $1.15 billion.

Key Takeaway: CleanSpark's significant share buyback indicates confidence in its long-term value despite current market conditions.

The Bitcoin mining difficulty has been reduced by 2.37% to 152.27 trillion as of November 13, 2025. This adjustment reflects the current state of the Bitcoin network, which has seen its average hash rate rise to 1.06 exahashes per second.

Key Takeaway: The decrease in mining difficulty may provide temporary relief for miners amid rising operational costs.

Eric Trump has expressed that Bitcoin is the strongest asset, surpassing traditional investments as a preferred hedge. In an interview, he highlighted Bitcoin's advantages, such as 24/7 trading and lower fees compared to traditional assets. He also noted that his company, American Bitcoin, benefits from low energy costs in Texas, allowing them to mine Bitcoin at about half the market price.

Key Takeaway: Eric Trump's endorsement of Bitcoin emphasizes its growing acceptance as a viable investment alternative.

The cryptocurrency market is currently experiencing uncertainty, with Bitcoin whales liquidating their holdings. On-chain data indicates significant movements from large wallets, suggesting a distribution phase as these investors secure profits. This trend has led to a decrease in institutional demand, which had previously stabilized the market.

Key Takeaway: The exit of large investors and declining institutional interest may contribute to increased market volatility.

Bitcoin's price is currently fluctuating between $103,000 and $107,000, with analysts warning that this sideways movement could persist for weeks. Key support levels are identified between $102,000 and $104,000, which, if maintained, could lead to a new upward trend. However, a drop below these levels could result in a decline to around $95,000.

Key Takeaway: Bitcoin's price stability is under scrutiny, with potential for significant movement depending on market conditions.

Overall, the cryptocurrency market is navigating through a challenging phase, with various factors influencing investor sentiment and market dynamics. The interplay between mining operations, institutional interest, and market psychology will be crucial in shaping the future landscape of Bitcoin and other cryptocurrencies.

Sources:

• Ein weiterer Schwierigkeitsgrad-Schnitt trifft Bitcoin — Miner genießen einen seltenen Moment der Erleichterung
• Bitfarms kündigt an, das Bitcoin-Mining-Geschäft in den nächsten zwei Jahren schrittweise einzustellen.
• Das Bitcoin-Mining-Unternehmen CleanSpark hat bereits 460 Millionen US-Dollar für den Rückkauf von 30,6 Millionen Stammaktien ausgegeben.
• Daten: Die Bitcoin-Mining-Schwierigkeit wurde um 2,37 % auf 152,27 T gesenkt
• Eric Trump: Bitcoin ist der stärkste Vermögenswert und übertrifft traditionelle Anlagen als bevorzugte Absicherung.
• Kryptowinter oder Dezember Rallye? Kryptomarkt findet keine Richtung – Bitcoin Wale steigen aus