Keel Infrastructure, a Nasdaq-listed Bitcoin mining company (formerly Bitfarms), announced that it has completed fundraising of a total of $458 million through the issuance of convertible preferred notes. This includes a $58 million oversubscription option that was fully exercised by the initial purchasers. The new funds will be used for general corporate purposes, including financing the procurement of long-cycle equipment and providing guarantee support in the form of letters of credit for the expansion or accelerated construction of data center development projects.