Welcome to our dedicated page for Bitfarms news (Ticker: BITF), a resource for investors and traders seeking the latest updates and insights on Bitfarms stock.
Bitfarms Ltd., now Keel Infrastructure Corp., operates as a North American digital infrastructure and energy company focused on data centers and energy infrastructure for high-performance computing workloads, including artificial intelligence. Company updates cover infrastructure development, power and data-center build-outs, operating and financial results, and leadership additions tied to HPC/AI infrastructure expansion.
News also documents Keel Infrastructure's completed U.S. redomiciliation and rebrand, shareholder voting matters, governance changes, capital-structure updates, and capital actions such as normal course issuer bid activity. The company's recurring disclosures center on the shift from crypto-linked infrastructure toward large-scale compute infrastructure and related energy assets.
Bitfarms announces the termination of CEO Geoffrey Morphy and the appointment of Nicolas Bonta as interim CEO. Morphy filed a claim against the Company, seeking damages of USD$27 million, which Bitfarms believes are without merit. The CEO executive search is nearing completion, with a new CEO expected to be appointed in the coming weeks.
Bitfarms , a global Bitcoin mining company, earned 269 BTC in April 2024, improved energy efficiency by 9%, and expects to reach 21 EH/s and 21 w/TH in 2024. The company anticipates a VAT refund of US $23.7M from Canada. Fleet upgrades are progressing well, with the company on track to achieve its targets. April mining operations generated 269 BTC, impacted by the BTC Halving and network difficulty increase. Bitfarms sold 245 BTC, increasing treasury holdings to 830 BTC.
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