Wall Street reacted negatively to Bitcoin miner @Bitfarms_io (Nasdaq: $BITF) announced plans to completely wind down its Bitcoin mining operations, dropping shares of the firm 17% in early Thursday trading hours before recovering. The stock remains down 3.8% from morning open prices, as of publication. BitFarms CEO @hashoveride said the company is evaluating a GPU-as-a-Service model for the Washington site as part of its long-term shift away from Bitcoin mining, which it expects to wind down in 2026 and 2027. The firm also closed a $588 million convertible to support the transition to HPC. On the financial side, BitFarms reported $69 million revenue in Q3 2025, the majority from its bitcoin mining operations and $14 million from discontinued operations. Adjusted EBITDA increased to $20 million, or 28% of revenue, from $2 million a year earlier. Operating losses were $29 million, and net loss widened to $46 million, or $0.08 per share, compared with a net loss of $24 million in the prior-year quarter.