Bitfarms has completed its U.S. redomiciliation and will now operate as Keel Infrastructure, with the company’s shares set to trade under the new ticker KEEL on Nasdaq and the Toronto Stock Exchange beginning April 6, 2026.
The move caps a transformation that began about a year ago, when the company said it would pivot away from bitcoin and into high-performance computing and AI infrastructure. Chief executive Ben Gagnon said the company is now focused on “energy-secured sites and facilities” for AI compute.
The corporate shift is accompanied by a change in structure: Keel Infrastructure, a Delaware corporation, is now the ultimate parent of Bitfarms’ businesses, and its principal executive office will be in New York City.
The redomiciliation also changes ownership at the top. Through the arrangement, Keel indirectly acquired 602,851,137 Bitfarms shares, which represented all issued and outstanding Bitfarms shares immediately before completion. Each Bitfarms share was exchanged for one share of Keel common stock.
Trading in the old Bitfarms shares will end when the new listing begins. The company said the new shares are expected to replace the old ones on both exchanges at the opening on April 6.
The company also said it will continue its normal course issuer bid under the Keel name. That buyback program, first established on July 22, 2025, authorizes repurchases of up to 49,943,031 shares between July 28, 2025 and July 27, 2026.
Keel says it enters this new chapter with a pipeline of 2.2 gigawatts and grid interconnections already in place across Pennsylvania, Washington and Québec. Today the company's shares have moved -7.24% to a price of $2.05. For more information, read the company's full 8-K submission here.
