Keel Infrastructure Announces U.S. Move and AI-Centric Shift; Shares Up 27%

Bitfarms, now trading as Keel Infrastructure (KEEL), announced a strategic pivot from Bitcoin mining to building HPC/AI data center infrastructure in the U.S. The company expects to complete its redomiciliation to the Nasdaq by April 1, pending shareholder approval at a vote on March 20. Shares of BITF jumped 27% on the announcement, recently changing hands around $2.17, as publicly traded miners like Riot Platforms, MARA Holdings, and CleanSpark also shift toward AI and data center partnerships with tech giants such as Google. The move seeks to diversify revenue streams amid a volatile Bitcoin price, which fell to as low as $60,255 and is down 16% in the last week, more than 44% from its all-time high of $126,800.