Keel Infrastructure Corp. Enters New Phase with Strong Cash Reserves

Keel Infrastructure Corp., formerly Bitfarms, has officially transitioned its business focus from cryptocurrency mining to high-performance computing for artificial intelligence. This strategic shift is backed by shareholders who overwhelmingly endorsed the change in March.

The company's relocation of its corporate headquarters from Canada to New York City underscores its commitment to the high-performance computing sector. Keel Infrastructure enters this new phase with a substantial financial cushion, holding approximately $573.5 million in cash.

The company's development pipeline totals 2.2 gigawatts across North America, with key projects designed to secure power for large-scale AI data center operations. Market analysts have responded favorably to this roadmap, with a consensus rating of 'Buy' and median price target range of $3.42 to $4.04.