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Bitfarms ( (TSE:BITF) ) just unveiled an update.
Keel Infrastructure, the rebranded successor to Bitfarms, has completed its redomiciliation from Canada to the United States and will now operate as a Delaware corporation headquartered in New York City, continuing the existing business focused on energy-secured infrastructure for AI and high-performance computing. The move reflects a strategic pivot away from its Bitcoin roots toward becoming a foundational provider of AI compute infrastructure, with the company positioning itself as a core enabler for AI platforms while maintaining its normal course issuer bid under the new KEEL ticker, scheduled to begin trading on Nasdaq and the TSX on April 6, 2026.
Under the approved arrangement, each Bitfarms share has been exchanged for one share of Keel common stock, and Bitfarms shares will be delisted from Nasdaq and the TSX in favor of the new KEEL listing, with shareholders required to complete standard procedures to finalize the share exchange. By continuing the existing share repurchase program and emphasizing its role as an energy-secured infrastructure provider, Keel signals confidence in its valuation and seeks to strengthen its capital markets profile as it aligns its corporate structure and branding with the rapidly growing AI infrastructure market.
The most recent analyst rating on (TSE:BITF) stock is a Buy with a C$3.70 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
Keel Infrastructure, formerly Bitfarms, is a pure-play infrastructure developer and owner focused on providing energy-secured sites and facilities for high-performance computing and artificial intelligence workloads. The company, now incorporated in Delaware with its principal executive office in New York City, aims to serve AI platforms that require large-scale compute deployment by delivering foundational, power-focused infrastructure at pace and scale.
Average Trading Volume: 4,387,086
Technical Sentiment Signal: Sell
Current Market Cap: C$1.54B
For an in-depth examination of BITF stock, go to TipRanks’ Overview page.