Bitfarms’ $300M AI Pivot Sparks ETF Rethink: Can Blockchain Funds Handle The AI Boom?

Bitfarms Ltd. (NASDAQ:BITF) is now causing ripples both in the blockchain and AI sectors.

Following a 500% surge in five weeks, the firm refinanced a debt facility with Macquarie Group into $300 million project financing for its Panther Creek data center in Pennsylvania, marking a strategic shift from crypto mining to high-performance computing (HPC) and AI infrastructure.

The initiative is an attention grabber among ETF investors as thematic funds following blockchain and AI experience a rare overlap in one firm.

For ETF investors, Bitfarms — previously best known as a Bitcoin miner cashing in on the cryptocurrency bubble — is now a compelling case study. Historically, the company fits into blockchain-themed ETFs which …

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