Bitfarms
Coverage of Bitfarms in the Nexus archive.
- Former bitcoin miner Bitfarms reports $145 million Q1 net loss amid Keel rebrand, AI transition
Keel Infrastructure, formerly known as Bitfarms, reported a $145 million net loss in Q1 as it transitions from bitcoin mining to AI infrastructure. The company is pivoting its business strategy amid the rebrand. This significant loss indicates a challenging start to the company's new direction.
- Keel Infrastructure Posts $145 Million Loss as Firm Completes Pivot From Bitcoin Miner to AI
Keel Infrastructure, formerly known as Bitfarms, reported a $145 million loss as it pivots from bitcoin mining to AI, with a $533 million fund to support AI infrastructure development. The company's rebranding marks a significant shift in its business strategy. Keel aims to utilize its war chest to build out its AI infrastructure.
- Keel, Hive Shares Jump as Companies Continue Shift From Bitcoin Mining to AI
Hive and Keel (formerly Bitfarms) are shifting from Bitcoin mining to AI, with Hive raising $115 million and Keel selling a mining facility to adapt to the AI boom.