Bitfarms (BITF) is getting out of the bitcoin business
Bitfarms is selling its bitcoin holdings to invest in AI infrastructure and rebrand as Keel Infrastructure.Summary
Bitfarms (BITF) is strategically shifting away from bitcoin mining to focus on AI and high-performance computing (HPC) data centers. The company intends to eliminate its bitcoin holdings, having already realized $28.2 million in gains from sales in 2025, and currently holds 1,827 BTC. CEO Ben Gagnon stated they will sell bitcoin “opportunistically into strength” to maximize cash flow. This transition involves a 2.2 GW development pipeline for AI and HPC, alongside a U.S. re-domiciliation and rebranding to Keel Infrastructure (KEEL), expected to be completed around April 1, 2026. The move reflects a broader industry trend of repurposing mining infrastructure for AI workloads, and Bitfarms’ stock has seen a 4.6% increase alongside other AI infrastructure stocks.
(Source：CoinDesk)