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Bitfarms Explores AI Data Center Transition Amid Growing Demand

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anadian bitcoin miner Bitfarms (BITF.TO) is evaluating a potential shift toward artificial intelligence (AI) data centers as demand for high-performance computing (HPC) rises. The Toronto-based company announced on Friday that it has enlisted consulting firms Appleby Strategy Group and World Wide Technology to assess its North American facilities and develop an AI-focused strategy.

Cryptocurrency mining operations possess key assets—large plots of land and substantial power resources—that align with the infrastructure needs of AI data centers. Many miners, including Bitfarms, see an opportunity to capitalize on the AI boom by repurposing some of their facilities. However, critics warn that AI data centers require a higher level of sophistication, making such transitions complex.

The consultants will not only evaluate the feasibility of this pivot but also market Bitfarms’ sites to potential AI customers. This move follows a similar initiative by Riot Platforms (RIOT.O), which recently began reviewing AI and computing applications for parts of its Texas facility.

Bitfarms CEO Ben Gagnon emphasized the financial benefits of diversifying operations, stating that AI and HPC contracts offer “long-term, steady cash flows and earnings streams,” while bitcoin mining continues to provide “flexible upside potential.”

Chinese Cyberattacks on Taiwan Government Surge in 2024, Report Reveals

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Cyberattacks on Taiwan’s government doubled in 2024, with an average of 2.4 million attacks per day, according to a report from Taiwan’s National Security Bureau. The majority of these cyberattacks were attributed to Chinese cyber forces, marking a significant increase from the previous year, which saw 1.2 million daily attacks.

These attacks are part of what Taiwan sees as China’s ongoing “grey-zone harassment” campaign, which includes daily military drills, surveillance balloons, and escalating cyberattacks. These actions coincide with China’s growing political and military pressure on Taiwan to accept its sovereignty claim. The Government Service Network (GSN), a key Taiwanese infrastructure, was one of the primary targets of these cyberattacks, with sectors like telecommunications, transportation, and defense being particularly targeted.

Despite many of the attacks being effectively blocked, the report highlights the increasingly severe nature of China’s cyber activities. Some of the attacks were timed to coincide with Chinese military drills around Taiwan, including distributed denial-of-service (DDoS) attacks aimed at disrupting access to Taiwan’s transportation and financial institutions. The purpose of these attacks was seen as part of a broader strategy to intimidate Taiwan through military and cyber harassment.

The report also detailed efforts by China’s cyber forces to exploit advanced persistent threats and backdoor software to infiltrate Taiwan’s critical infrastructure, including highways and ports. These tactics aim to disrupt government operations and gain strategic advantages in various sectors, including politics, military, technology, and the economy.

China has repeatedly denied involvement in cyberattacks but has been frequently accused by foreign governments, including the U.S., of cyber espionage. Taiwan’s report pointed out that China’s cyberattacks included efforts to steal sensitive information from Taiwanese civil servants’ emails and involved social engineering tactics.

 

Top Haiti Internet Provider Partially Restores Network After Fire

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Digicel, one of Haiti’s primary internet service providers, has partially restored its network following a fire near the capital that caused widespread outages. According to Jean-Philippe Brun, the local director for Digicel, teams worked continuously to repair the damage, and one of three affected fiber-optic links was already re-established within hours. He confirmed that all connections were expected to be fully restored by the end of the day.

The outage affected the country’s internet services, with Digicel and state-owned NATCOM being the main operators. Haiti’s capital, Port-au-Prince, has been severely impacted by ongoing armed gang violence, which has also led to the collapse of various state services and institutions. The country has been struggling with basic infrastructure issues, as demonstrated in September when protests at the national hydroelectric plant led to temporary shutdowns, forcing locals to rely on solar batteries and generators for power.