BITFARMS LTD

Bitfarms, presenting as Keel Infrastructure, is shifting from Bitcoin mining to North American digital infrastructure for AI and high-performance computing, re-domiciling to the U.S., rebranding and selling its Paraguay site. The company aims to sign leases at Panther Creek and Sharon in Pennsylvania and Moses Lake in Washington by the end of 2026 and highlights secured power availability as its competitive advantage. Q1 continuing revenue was $37 million, operating loss $98 million and adjusted EBITDA negative $17 million, while liquidity stood at about $533 million, which management says can fund development through lease execution without external capital. Keel is advancing permitting and construction preparations and plans project-level, non-recourse financing after leases are signed. » Więcej na finance.yahoo.com

Bitfarms has completed relocating its legal domicile from Canada to the United States; the ultimate parent company will be Keel Infrastructure Corp, formed under Delaware law. The transition is expected to take effect around April 1. Bitfarms will prepare its annual financial statements under US GAAP and has already adjusted and voluntarily filed unaudited interim financials for 2024 and 2025 with the SEC. The company is also changing its status from a foreign private issuer to a domestic US issuer and plans to file annual reports on Form 10-K. » Więcej na de.investing.com

Bitfarms is executing a strategic pivot from Bitcoin mining to high-performance computing and AI infrastructure, rebranding as Keel Infrastructure effective April 1, 2026. The company will focus on a pure-play colocation and powered-shell model in North America (Pennsylvania, Washington, Quebec), winding down legacy BTC operations to redeploy capacity into higher‑margin HPC projects. Management targets fully permitted sites by mid‑to‑late summer 2026, revenue from HPC/AI in 2027, and a 2.2 GW pipeline while highlighting speed to power as the primary lease value driver. Financially, Bitfarms completed a $588 million convertible offering (providing ~$520 million liquidity), repaid its Macquarie debt, and reported a 2025 operating loss of $150 million including depreciation and impairment charges. » Więcej na finance.yahoo.com