Overview
- The company says it is leaving bitcoin mining to become an infrastructure-first developer of high-performance computing and AI data centers across North America.
- The proposed U.S. parent would be incorporated in Delaware and list on Nasdaq and the Toronto Stock Exchange under the ticker KEEL.
- A special shareholder vote is set for March 20, with the transition targeted to close by April 1 pending shareholder, regulatory and court approvals.
- Bitfarms began paying down a $300 million Macquarie credit facility, starting with a $100 million repayment tied to the Panther Creek site in Pennsylvania.
- Liquidity stood at about $698 million as of Feb. 5, and the company plans to keep existing Canadian and U.S. sites while making New York City its sole headquarters if the move proceeds; shares rose after the announcement.