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“While our focus is on creating infrastructure to assist Nvidia’s next era of Vera Rubin GPUs across most of our portfolio, with nearly a billion dollars in cash, unused credit amenities and Bitcoin and quite a few potential GPU financing choices out there, we believe there are compelling causes to consider pursuing a GPU-as-a-Service or Cloud monetization strategy specifically at Washington. Despite being less than 1% of our whole developable portfolio, we imagine that the conversion of just our Washington web site to GPU-as-a-Service could potentially produce more internet working revenue than we have ever generated with Bitcoin mining, providing the Firm with a powerful cashflow foundation that might fund opex, G&A, and debt service and contribute to capex as we wind down our Bitcoin mining business in 2026 and 2027. We look ahead to providing more updates on our Q3 and Q calls.” “We continue executing on our HPC/AI infrastructure growth technique with a totally funded supply chain and plan to transform our Washington website to assist Nvidia GB300s with state-of-the-art liquid cooling,” mentioned Ben Gagnon, Chief Government Officer of Bitfarms. Under the terms of the settlement, the companion will provide all critical IT gear and constructing supplies for 18 MW of gross capability with an anticipated trade leading PuE, between 1.2 and 1.three.
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