Keel Infrastructure Corp., formerly Bitfarms Ltd., is a North American digital infrastructure and energy company. It develops and owns data centers and energy infrastructure for high-performance computing (HPC) workloads, including AI.
The company is transitioning from Bitcoin mining. It ceased U.S. mining operations in Q2 2026 and divested its Paraguay and Argentina operations in 2026. It now has a 2.2 GW development pipeline with established grid interconnections in Pennsylvania (Sharon, Panther Creek, Scrubgrass), Washington State (Moses Lake) and Québec.
Construction began at Moses Lake in September 2026, and the site is expected to generate the company's first HPC lease revenue in 2027. Remaining legacy revenue comes from Bitcoin mining in Québec, with mined Bitcoin now sold daily. Keel's business model centers on signing long-term data center leases with creditworthy tenants and financing projects through project-level debt plus its own equity contributions. The company trades as KEEL on Nasdaq and TSX. Updated
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Keel Infrastructure Corp., formerly Bitfarms Ltd., is a North American digital infrastructure and energy company. It develops and owns data centers and energy infrastructure for high-performance computing (HPC) workloads, including AI.
