Bitcoin mining giant Bitfarms has unveiled an ambitious corporate restructuring plan, announcing its relocation from Canada to the United States alongside a strategic rebranding initiative. The Nasdaq-listed company will transition into Keel Infrastructure, marking a significant pivot in its operational strategy and market positioning.

The move requires approval from multiple stakeholders, including company shareholders, relevant securities exchanges, and the court system. Once the relocation concludes, the newly formed Keel Infrastructure will operate under Delaware law, a jurisdiction favored by numerous tech and financial enterprises. The company's common stock will maintain its listing on both Nasdaq and the Toronto Stock Exchanges, ensuring continuity for existing investors.

This transformation reflects evolving strategies within the cryptocurrency mining sector, where operational efficiency and regulatory clarity increasingly influence corporate decisions. The rebranding signals Keel Infrastructure's commitment to reshaping its market identity and potentially expanding its operational scope beyond traditional Bitcoin mining activities.