Bitfarms will rebrand as Keel and plans to sell $161 million worth of Bitcoin to bet on AI

MeNews · 2026-04-03T06:53:10+00:00

Bitcoin mining company Bitfarms reports that fiscal year 2025 revenue reached $229 million, a 72% increase year-over-year, but net loss was $209 million. The company's cash and Bitcoin liquidity amount to $520 million. It plans to relocate to the United States and rebrand as Keel Infrastructure, with the stock ticker changed to KEEL, and is considering selling $161 million worth of Bitcoin to invest in HPC and AI infrastructure.

MeNews

2026-04-03 06:53:10

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ME News update, March 31 (UTC+8), Nasdaq-listed Bitcoin mining company Bitfarms disclosed fiscal year 2025 revenue of $229 million, up 72% year over year, but continued-operations net loss of $209 million. As of March 27, its cash and Bitcoin liquidity were approximately $520 million, and the company announced that it has obtained shareholder approval to complete the redomiciliation to the United States and change its name to Keel Infrastructure as early as April 1, 2026; the stock ticker is expected to change to KEEL. The company also plans to “sell as appropriate” about 2,400 Bitcoin, worth approximately $161 million, to invest in the construction of HPC and AI infrastructure, further diluting its positioning as a pure Bitcoin mining company. (Source: ChainCatcher)

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