Bitfarms to redomicile and rebrand as Keel Infrastructure, formally exits Bitcoin mining to focus on AI/HPC; will trade as KEEL on Nasdaq and TSX

first published 2026-02-07T13:15:51Z

Bitfarms’ board approved redomiciling from Canada to Delaware and rebranding as Keel Infrastructure, with shares to trade under ticker KEEL on Nasdaq and the Toronto Stock Exchange. The company says it is shifting away from Bitcoin mining toward AI/HPC data‑center infrastructure — CEO Ben Gagnon: “We are no longer a Bitcoin company.” A shareholder vote is set for March 20 and redomiciliation is targeted around April 1 pending approvals. The announcement follows industry pressure on miners from halvings, rising power costs and a recent Bitcoin crash and mirrors other miner pivots such as Bit Digital’s move toward Ethereum and AI.

AI Analysis

Board approved redomiciliation and rebrand to Keel and a stated strategic shift “away from Bitcoin mining” with the CEO saying “We are no longer a Bitcoin company.” Shareholder vote and targeted April 1 redomiciliation are concrete near‑term corporate actions. The move follows cited industry pressure (halvings, rising power costs, a Bitcoin crash) and similar miner pivots, supporting a negative sentiment but limited short‑term market impact since this is a single company corporate pivot.

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