Bitfarms Moves to U.S. as Keel Infrastructure, Bolsters Data Center Pipeline

Bitfarms ( (TSE:BITF) ) has shared an update.

Bitfarms reported its 2025 results while accelerating commercialization at its Panther Creek, Sharon and Moses Lake sites and advancing a 2.2 GW development pipeline across North America. The company ended March 27, 2026 with $520 million in cash and Bitcoin, repaid a $100 million Macquarie debt facility to simplify its capital structure, and secured key zoning and leadership additions to support large-scale HPC infrastructure build-out.

Shareholders approved redomiciliation from Canada to the U.S., after which the company will be headquartered in New York and rebranded as Keel Infrastructure with new ticker KEEL on Nasdaq and TSX. Management framed the move, along with senior infrastructure hires and active go-to-market efforts, as strengthening Bitfarms’ standing as a regional leader in high-demand data center markets and enhancing its ability to attract investment-grade counterparties and pursue project or parent-level financing.

The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Bitfarms stock, see the TSE:BITF Stock Forecast page.

Spark’s Take on BITF Stock

According to Spark, TipRanks’ AI Analyst, BITF is a Neutral.

Bitfarms’ overall score is primarily impacted by its financial performance, which is weighed down by consistent losses and negative cash flows. The earnings call provides a positive outlook with strategic initiatives, but technical analysis and valuation remain weak, reflecting ongoing challenges.

To see Spark’s full report on BITF stock, click here.

More about Bitfarms

Bitfarms, soon to be rebranded as Keel Infrastructure, is a North American digital and energy infrastructure company focused on building high-performance computing and AI-ready data center capacity. The firm operates and develops power-secured sites across Pennsylvania, Washington state and Québec, positioning itself in key, supply-constrained data center hubs.

Average Trading Volume: 4,376,166

Technical Sentiment Signal: Sell

Current Market Cap: C$1.45B

For a thorough assessment of BITF stock, go to TipRanks’ Stock Analysis page.