Bitfarms shares surge after it ditches its 'bitcoin company' identity and doubles down on AI with U.S. move

Bitfarms has recently announced its shift away from its identity as a Bitcoin company to focus on building data centers for artificial intelligence and high-performance computing. This significant change has caused a surge in its stock price as investors respond positively to the potential for growth beyond traditional Bitcoin mining. The strategic pivot towards AI aligns with broader market trends, providing new opportunities for revenue generation. This decision could prove to be a critical element in Bitfarms' evolution into a more expansive tech-focused company. Market watchers will need to keep a close eye on both Bitfarms' trajectory and overall tech stock performance as these developments unfold.