Bitfarms is shifting from bitcoin mining to AI infrastructure, having begun selling portions of its bitcoin holdings as part of the transition. The company reported $28.2 million in realized gains from bitcoin sales in 2025 and currently holds 1,827 BTC, and shareholders approved a U.S. re-domiciliation and rebrand to Keel Infrastructure (KEEL) expected to close officially around April 1, 2026.
Bitfarms has initiated the process of selling its bitcoin holdings as part of its transition from bitcoin mining to AI infrastructure. In 2025, the company achieved $28.2 million in realized gains from these sales. Bitfarms intends to continue selling its bitcoin opportunistically into market strength. Despite these sales, Bitfarms is maintaining its mining operations with the goal of maximizing free cash flow before ultimately selling off its mining assets. CEO Ben Gagnon stated, ‘In time, we will have no bitcoin,’ underscoring the company’s strategic shift away from its original focus on bitcoin activities.
Bitfarms is pivoting from bitcoin mining toward AI infrastructure and is advancing a 2.2 gigawatt development pipeline across North America as a central element of that transition. The company is targeting the start of AI-driven revenue beginning in 2027, establishing a timeline for when the new infrastructure is expected to begin contributing to its business results.
The development pipeline is being advanced across North America and is presented by the company as part of its shift away from traditional bitcoin mining. The article’s related keywords include an industry context of repurposing mining energy for AI workloads and data centers.
The 2.2 gigawatt pipeline and the 2027 AI revenue target are presented together as core elements of Bitfarms’ planned strategic shift to AI infrastructure.
Shareholders approved Bitfarms’ U.S. re-domiciliation and rebrand to Keel Infrastructure (KEEL), with the transaction expected to close around April 1, 2026. The company indicated that, upon closing, its shares are expected to trade under the new ticker KEEL. The shareholder vote authorized the corporate actions necessary for the U.S. re-domiciliation and name change. On the market reaction, BITF shares rose 4.6% on Tuesday amid a rally in AI infrastructure stocks.
The approval sets the timetable for the corporate transition to take effect around the stated April 1 date. The stock movement occurred alongside a broader rally in AI infrastructure stocks.
Bitfarms is transitioning from bitcoin mining to AI infrastructure, carrying out ongoing sales of its bitcoin holdings while continuing mining operations to generate cash and advancing a North American development pipeline for AI workloads. Shareholders have approved a U.S. re-domiciliation and rebrand to Keel Infrastructure (KEEL), and the company is executing asset sales, development work and corporate changes as it moves toward its planned timetable for generating AI-driven revenue.
