Big News: Bitfarms Transforms into Keel Infrastructure! 🚀
Bitfarms (BITF) is making groundbreaking changes by relocating its legal base from Canada to the U.S. and rebranding as Keel Infrastructure. This pivot shifts focus from Bitcoin mining to high-performance computing (HPC) and AI workloads, presenting a significant opportunity for growth.
Key Highlights:
- Redomiciling Decision: Requires shareholder, regulatory, and court approval; vote set for March 20.
- New Trading Symbols: KEEL on Nasdaq and Toronto Stock Exchange post-transition.
- Stock Performance: Shares surged 18% after the announcement, recovering from a previous drop.
- CEO Insights: “We are no longer a Bitcoin company,” says Ben Gagnon, emphasizing an infrastructure-first approach.
With a strong liquidity position of $698 million and a strategic focus on AI and HPC data centers, Bitfarms aims to reshape its future.
🔗 Join the conversation! What are your thoughts on this major shift? Share and connect!
