Techub News: Nasdaq-listed Bitcoin mining company Bitfarms disclosed that its fiscal year 2025 revenue will reach $229 million, a 72% increase year-over-year, but its ongoing operations will record a net loss of $209 million. As of March 27, its cash and Bitcoin liquidity are approximately $520 million. The company also announced that it has received shareholder approval to complete its re-domiciliation to the United States and rename itself Keel Infrastructure, with the stock ticker expected to change to KEEL. The company also plans to "selectively" sell about 2,400 Bitcoin, valued at approximately $161 million, to invest in HPC and AI infrastructure development, further shifting away from its pure Bitcoin mining identity.

BTC1.83%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin