Bitfarms plans to sell its $161 million worth of Bitcoin to invest in AI infrastructure

DeepFlowTech · 2026-03-31T13:25:34+00:00

Bitcoin mining company Bitfarms announced that shareholders have approved the company's relocation to the United States and its rebranding to Keel Infrastructure. The migration and renaming are expected to be completed by April 1. The new stock ticker will be KEEL. The company will transform into a digital infrastructure developer focused on electricity, specializing in specific power markets. Meanwhile, Bitfarms will sell some of its Bitcoin holdings to invest in high-performance computing and AI infrastructure.

DeepFlowTech

2026-03-31 13:25:34

Abstract generation in progress

Deep Tide TechFlow news: On March 31, according to CoinDesk, Bitcoin mining company Bitfarms (Nasdaq ticker: BITF) announced that shareholders have approved the company’s re-domiciliation to the United States and a renaming to Keel Infrastructure. The earliest completion date is April 1. The new stock ticker, KEEL, will begin trading on Nasdaq and the Toronto Stock Exchange two business days after settlement. The headquarters will be moved to New York.

Bitfarms will shift from a pure Bitcoin mining company to a digital infrastructure developer centered on electricity, with a focus on power-constrained markets such as Pennsylvania, Washington State, and Quebec.

Regarding its asset management strategy, as of March 27, the company holds roughly 2,400 bitcoins (worth about $161 million), as part of total liquidity of about $520 million. CEO Ben Gagnon said the company will “sell Bitcoin when the time is right,” and reinvest all the funds into the construction of high-performance computing (HPC) and AI infrastructure.

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