Overview
- On Tuesday's earnings call, CEO Ben Gagnon said Bitfarms will reduce its holdings to zero and is already selling, with about 1,827 BTC left after $28.2 million of gains in 2025.
- Shareholders cleared a move to the U.S. and a rebrand to Keel Infrastructure, with the KEEL ticker expected to go live around April 1.
- The company is building a 2.2 gigawatt North American data‑center pipeline for AI and high‑performance computing customers, with first revenue targeted in 2027.
- Bitfarms reported $229 million in 2025 revenue and a $284 million net loss tied to digital‑asset value swings and impairments, while boosting liquidity to about $520 million and repaying a $100 million facility.
- Shares rose between 4.6% and 6.6% Tuesday as investors responded to a shift many miners are making by repurposing power and sites for AI workloads.