Bitfarms will be renamed Keel and plans to sell $161 million worth of Bitcoin to bet on AI.

PANews reported on March 31 that Nasdaq-listed Bitcoin mining company Bitfarms disclosed revenue of $229 million for fiscal year 2025, a 72% year-over-year increase, but a net loss of $209 million from continuing operations. As of March 27, its cash and Bitcoin liquidity was approximately $520 million. The company announced that it has received shareholder approval to relocate its registration to the United States and change its name to Keel Infrastructure as early as April 1, 2026, with the stock ticker expected to change to KEEL. The company also plans to sell approximately 2,400 Bitcoins, worth approximately $161 million, at an opportune time to invest in HPC and AI infrastructure development, further downplaying its pure Bitcoin mining company image.

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