Bitfarms said it was impacted by a decline in Bitcoin prices last year. The company is now five months into its pivot from Bitcoin mining to HPC and AI.
Canada News

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Canada has proposed banning crypto political donations, citing risks that foreign actors could use digital assets to interfere in elections.
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Regulatory uncertainty shakes stablecoins as institutions push forward, prediction markets tighten rules and AI agents reshape micropayment economics.
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Deloitte plans to integrate a Canadian dollar stablecoin into institutional payment systems as Ottawa advances rules for fiat-backed digital assets.
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The crypto industry has seen a number of regulatory changes over the past year, with the Canadian government taking a risk-management, rules-first approach.
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Near the end of last year, FINTRAC fined crypto platform Cryptomus $126 million and crypto exchange KuCoin $14 million for a range of alleged violations.
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The Canadian bank added USD–CAD conversion to its tokenized deposits, enabling real-time cross-border transactions as banks test blockchain-based settlement systems.
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Dubbed “Operation Atlantic,“ the effort involves law enforcement agencies from the three countries and is aimed at preventing phishing attacks involving cryptocurrencies.
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A pilot involving the central bank and major financial institutions tested whether distributed ledger infrastructure could streamline bond issuance, trading and settlement.
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Vancouver city staff say Bitcoin is not permitted under the Vancouver Charter and recommend dropping Mayor Ken Sim’s 2024 reserve proposal ahead of a Tuesday council vote.
2539 - News
The bank's asset manager and 3iQ debut an actively managed crypto ETF to Canadian investors, offering exposure to Bitcoin, Ether, Solana and XRP at a competitive 0.25% fee.
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The Canadian self-regulatory organization outlined custody limits, capital thresholds and reporting rules while long-term regulation remains in progress.
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Senate Democrats have threatened to block a funding bill if it includes money for the Department of Homeland Security, making traders fearful of another possible US government shutdown.
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Can Bitcoin mining heat grow food? A Manitoba pilot explores using crypto server heat to cut greenhouse energy costs and emissions.
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Canaan‘s pilot program will use the miner‘s liquid cooling systems to supplement the power needed to heat intake water for greenhouses, helping grow tomatoes.
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