Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Bitfarms ( (TSE:BITF) ) has provided an update.
On March 20, 2026, Bitfarms reported that its shareholders overwhelmingly approved a statutory plan of arrangement to redomicile the company from Canada to the U.S. and rebrand it as Keel Infrastructure. At a special meeting held the same day, about 99.3% of votes cast backed the proposal, far surpassing the required two‑thirds threshold.
The redomiciliation is planned to take effect on or about April 1, 2026, subject to court approval and other closing conditions, marking a key milestone in the company’s strategic pivot toward U.S.-centric digital infrastructure. Following completion, Keel Infrastructure’s common stock is expected to trade on both Nasdaq and the Toronto Stock Exchange under the new ticker “KEEL,” positioning the business more squarely within U.S. capital markets and potentially reshaping its investor base and commercial profile.
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 Ltd. is a North American digital infrastructure and energy company that develops and owns data centers and energy infrastructure for high‑performance computing workloads, including artificial intelligence. The company oversees a 2.1 GW energy portfolio across energized, development and pipeline capacity in established data center hubs, and is headquartered in New York and Toronto with listings on Nasdaq and the Toronto Stock Exchange.
Average Trading Volume: 4,311,738
Technical Sentiment Signal: Buy
Current Market Cap: C$1.86B
See more data about BITF stock on TipRanks’ Stock Analysis page.