Bitfarms completes redomiciliation to the United States

Bitfarms (BITF) announced the completion of Bitfarms’ previously announced redomiciliation from Canada to the United States pursuant to a statutory plan of arrangement. The arrangement was approved by Bitfarms’ shareholders at a special meeting held on March 20. The Ontario Superior Court of Justice issued its final order approving the arrangement on March 24. Following completion of the U.S. Redomiciliation, Keel Infrastructure, a corporation formed under the laws of the State of Delaware, is now the ultimate parent corporation of Bitfarms. Keel Infrastructure will carry on the business currently conducted by Bitfarms and its subsidiaries, and its sole principal executive office will be in New York City. Pursuant to the arrangement, each outstanding common share of Bitfarms has been indirectly acquired by Keel Infrastructure in exchange for one share of common stock of Keel. Keel common stock is expected to begin trading on the Nasdaq and the Toronto Stock Exchange under the ticker (KEEL) at the opening of trading on April 6 in substitution for the Bitfarms Shares, which will be delisted from the Nasdaq and the TSX at that time.