Bitfarms Relocates to New York, Rebrands as Keel Infrastructure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2026
0mins
Source: stocktwits
- Restructuring and Rebranding: Bitfarms is relocating to New York and rebranding as Keel Infrastructure, with plans to complete its re-domiciliation from Canada to the U.S. by April 1, 2026, marking a strategic shift from Bitcoin mining to high-performance computing and AI infrastructure.
- Bitcoin Sale Plan: The company plans to sell approximately $161 million worth of Bitcoin holdings to fund its AI growth strategy, which not only aids in improving its financial situation but also signals a shift in focus from crypto mining to digital infrastructure.
- Positive Market Reaction: Bitfarms' stock rose over 4% during early trading, and retail sentiment on Stocktwits shifted from 'bearish' to 'bullish', indicating increased investor confidence in the company's future direction.
- Infrastructure Investment: CEO Ben Gagnon stated that 2025 expenditures will focus on meeting the demand for AI-driven computing, and the company has simplified its capital structure by paying off a $100 million loan, facilitating easier financing for future projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
