Bitfarms Rebrands To Keel Infrastructure After Redomicile
Bitfarms Ltd. reported 2025 results and announced shareholder approval to redomicile to the U.S. and rebrand as Keel Infrastructure, with closing expected on or about April 1, 2026. The company reported $520 million in liquidity (about $359M cash, $161M Bitcoin), is advancing a 2.2 GW North American HPC/data-center pipeline, and repaid $100M of Macquarie debt.
Key Points
- 1Announces U.S. redomiciliation and rebrand to Keel Infrastructure, expected to close on April 1, 2026
- 2Reports $520 million liquidity (≈$359M cash, $161M Bitcoin) to fund 2.2GW pipeline development
- 3Represents strategic pivot to North American HPC infrastructure with active leasing at three key sites
Scoring Rationale
Fresh company announcement with credible, official financials and a clear strategic pivot to North American HPC infrastructure. Strong liquidity and a 2.2 GW pipeline raise its industry relevance; limited technical detail and routine financial results moderate the score.
Sources
Public references used for this report.
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