Bitfarms Ltd. (NASDAQ:BITF) shares are trading slightly higher on Friday.

The company has announced strategic steps to enhance its growth prospects.

The cryptocurrency mining company has engaged two expert consultants, Appleby Strategy Group and World Wide Technology, to conduct a comprehensive feasibility analysis of its North American sites, particularly for high-performance computing and artificial intelligence.

This collaboration aims to explore and enhance the potential of Bitfarms’ 1.2 GW North American portfolio for HPC/AI applications, with a focus on maximizing utility and value.

These consultants will also help build sales and development strategies, marketing the sites to potential customers.

See Also: Tim Cook Won't Say How Apple Plans To Handle Trump's Tariff Policies — But Here's What's At Stake For The iPhone Maker

Bitfarms CEO Ben Gagnon stated, “The contracts associated with HPC/AI customers provide long-term, steady cash flows and earnings streams while our Bitcoin mining operations will continue to monetize Bitcoin’s flexible upside potential, creating a powerful and resilient portfolio that will generate long-term value for our shareholders.”

Earlier this week, Bitfarms entered into a binding Letter of Intent to sell its 200 MW mining site in Yguazu, Paraguay, to HIVE Digital Technologies for approximately $85 million.

The sale will significantly reduce Bitfarms’ anticipated 2025 capital requirements and rebalance its portfolio to 80% North American and 20% international.

The transaction also benefits the company by reducing power costs and not impacting its miner deployment schedule.

Price Action: BITF shares are trading higher by 1.33% to $1.52 at last check Friday.

Read Next:

• Apple’s iPad Turns 15 Today: Here’s A Throwback To When Steve Jobs Explained Called It The ‘Third Category’ After Phones And Notebooks

Photo via Shutterstock.