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

The Nasdaq-listed Bitcoin mining company Bitfarms disclosed a revenue of $229 million for the fiscal year 2025, a year-on-year increase of 72%, but a net loss from continuing operations of $209 million.

As of March 27, its cash and Bitcoin liquidity was approximately $520 million, and it announced that it has received shareholder approval to complete its relocation to the United States and rename itself as Keel Infrastructure as early as April 1, 2026, with the stock ticker expected to change to KEEL.

The company also plans to "timely" sell approximately 2,400 Bitcoins, valued at about $161 million, to invest in HPC and AI infrastructure construction, further diminishing its positioning as a pure Bitcoin mining company.