Peter Zhang
February 1, 2025 17:10
Bitfarms Ltd. announces strategic collaboration with ASG and world technology to explore high -performance computer and AI opportunities at North America sites, with the objective of creating long -term value.
Bitfarms Ltd. (NASDAQ/TSX: BITF), a world leader in Mining Operations and Bitcoin Data Center, has announced a strategic association with Appleby Strategy Group (ASG) and World Wide Technology (WWT). This collaboration aims to carry out an integral feasibility analysis of the North American Sites of BIT Farms for high performance computer science (HPC) and artificial intelligence (AI) applications, according to GlobeNewSwire.
Strategic Association details
The association with ASG and WWT will also focus on developing sales and marketing strategies to attract potential HPC/AI customers. The Bitfarms CEO, Ben Gagnon, expressed confidence in the suitability of its North American portfolio, particularly sites in the PJM grid, for HPC/AI applications. Gagnon highlighted the potential of constant cash flows of HPC/AI contracts, while continuing to take advantage of Bitcoin’s value potential.
Bit Farm Vision
Founded in 2017, Bitfarms has been established as a company of data and mining centers of Bitcoins integrated vertically, operational facilities in Canada, the United States, Paraguay and Argentina. The company is committed to sustainable energy practices, using hydroelectric energy and long -term energy contracts to feed its operations.
Future perspectives
This strategic movement is aligned with the vision of Bitfarms to maximize the usefulness of its 1.2 GW American portfolio, ensuring a resistant and diversified business model. Collaboration with ASG and WWT is expected to improve Bitfarms capabilities in the HPC/AI sector, providing a solid base for future growth and the value of shareholders.
As the demand for HPC and AI solutions continues to grow, Bit Farms is positioning to capitalize on these emerging opportunities, while maintaining its central approach to Bitcoins mining. The company’s patented data analysis system supports operational performance and activity time, reinforcing its commitment to excellence in existing and new companies.
Image Source: Shuttersock
