The Financial Post reports in its Friday, Nov. 14, edition that Bitfarms, one of the largest cryptocurrency miners, said it plans to wind down those operations over the next two years and focus on providing infrastructure to generate computing power for artificial intelligence applications. A Bloomberg dispatch to the Post reports that Toronto-based Bitfarms is among a growing list of bitcoin miners that are pivoting to high-performance compute services as profit margins shrink due in part to the falling prices in the token. A Washington State site will be converted to support AI or high-performance computing workloads. Bitfarms chief executive officer Ben Gagnon said Thursday, "Despite being less than 1 per cent of our total developable portfolio, we believe that the conversion of just our Washington site to GPU-as-a-service could potentially produce more net operating income than we have ever generated with bitcoin mining." Crypto miners such as Cipher and Terawulf that have ventured into AI projects attracted big name investors including Softbank Group and Google to develop data centres. These partnerships are generating billions in revenue and allowing firms to secure more debt financing.