Bitfarms Ltd. Overview
Pro stress-test →Bitfarms is a North American digital and power infrastructure company that develops, owns, and operates data centers and energy infrastructure for high-performance computing (HPC) and AI. The company is winding down Bitcoin mining and reallocating capital toward AI and high-performance computing data centers.
Strategic Profile
Pro stress-test →CEO Ben Gagnon said the move positions the company to better access U.S. capital markets while accelerating development of AI and HPC-focused data center infrastructure across North America, describing the firm as an infrastructure developer and operator serving future AI and compute demand. The company filed plans to redomicile to the U.S. and rebrand as Keel Infrastructure with a special meeting scheduled for March 20, 2026, with completion targeted on or about April 1, 2026.
Competitive Landscape
Pro stress-test →Bitfarms is executing its North American energy and compute infrastructure strategy, managing its Bitcoin mining operations, and advancing its stated focus on U.S.-oriented growth and HPC/AI development. Primary competitors in the HPC/AI space include CoreWeave, Lambda Labs, and other emerging GPU infrastructure providers, while legacy competitors include Marathon Digital and Riot Blockchain in mining.
Industry Context
Bitfarms Ltd. operates in High-Performance Computing & AI Infrastructure / Digital Assets.
Key facts
Founded: 2017 · Headquarters: Toronto, Canada · Revenue: $192.88M (2024)