Gate News message: On March 31, Bitcoin miner Bitfarms (Nasdaq ticker: BITF) announced that shareholders approved the company’s relocation and re-registration in the United States and its renaming to Keel Infrastructure, with completion as early as April 1. The new stock ticker KEEL will begin trading on the Nasdaq and the Toronto Stock Exchange two business days after settlement. The company’s headquarters will move to New York. Bitfarms will shift from being a pure-play Bitcoin mining company to a developer of digital infrastructure centered on power, with a focus on power-constrained markets such as Pennsylvania, Washington state, and Quebec. In its asset management strategy, as of March 27, the company holds approximately 2,400 Bitcoins (worth about $161 million), as part of its total liquidity of about $520 million. CEO Ben Gagnon said the company will “sell Bitcoin when the time is right,” and reinvest all proceeds into high-performance computing (HPC) and AI infrastructure buildout.
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