Bitfarms plans to liquidate all Bitcoin on its balance sheet and fully shift toward AI infrastructure

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Odaily Planet Daily News: During a Bitcoin miners earnings call for the fourth quarter, Bitfarms (BITF) confirmed that the company has started selling the Bitcoin it holds and plans to continue selling it, ultimately driving its Bitcoin holdings on the balance sheet to zero. CEO Ben Gagnon said the company will “sell Bitcoin opportunistically when the market is strong,” while continuing to operate its mining business to “maximize free cash flow before selling mining equipment.” According to data from BitcoinTreasuries.net, Bitfarms currently still holds 1,827 BTC, and in 2025 it realized $28.2 million in gains by selling Bitcoin.

Bitfarms is moving forward with a 2.2-gigawatt AI and high-performance computing data center development pipeline, targeting the start of generating AI-driven revenue in 2027. The company’s shareholders have approved relocating its place of incorporation to the United States and renaming it to Keel Infrastructure (KEEL), which is expected to be completed around April 1, 2026, after which the stock will trade under KEEL as the trading symbol. On Tuesday, the BITF share price rose 4.6%.

BTC1.63%
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