AquaBounty has shifted its strategy from large-scale recirculating aquaculture system (RAS) farm construction to asset divestment. The company sold its Indiana Farm in July 2024, and its Canadian Farms and Corporate Intellectual Property (IP) in March 2025. Construction of the 10,000 metric ton Ohio Farm Project was paused in June 2023 due to escalating costs, with an estimated total cost of $485 million to $495 million and approximately $400 million required to complete. Total impairment charges recorded were $14.4 million in 2025 and $129.8 million in 2024, primarily against the Ohio Farm Project, Indiana Farm, and Canadian Farms. A non-binding Letter of Interest to purchase the Ohio subsidiary has been received and is currently under consideration. The company's headcount has been reduced to 3 corporate employees as of March 27, 2026. AquaBounty has incurred cumulative net losses of approximately $388 million since its incorporation. Cash and cash equivalents stood at $501 thousand as of December 31, 2025. The company completed an issuance of $4.0 million in senior notes in October 2025, yielding net proceeds of $3.3 million. Substantial doubt exists regarding the company's ability to continue as a going concern.