Bitfarms Conference: BITF to Rebrand as Keel Infrastructure, Pivoting From Bitcoin Mining to AI Data Centers

2 hours ago 1

MarketBeat

Tue, March 31, 2026 astatine 10:20 AM CDT 6 min read

Bitfarms logo

Will Crypto Miners Pivot to AI? Latest connected 3 Key Players

Executives from Bitfarms (NASDAQ:BITF) outlined a near-term firm modulation and a longer-term displacement distant from Bitcoin mining toward high-performance computing (HPC) and artificial quality (AI) infrastructure during a treatment with investors.

Ben Gagnon said the institution has historically been “a longtime vigor infrastructure company,” but implicit the past twelvemonth has pivoted to “100% North American infrastructure and 100% HPC and AI infrastructure,” adding that Bitfarms is “no longer making immoderate investments into Bitcoin mining.”

→ The Often-Missed Corner of Healthcare That Wall Street Is Loving

These 3 Crypto Stocks Could Get a Bump arsenic Dollar Trust Weakens

Gagnon said the institution is acceptable to implicit its re-domiciliation effectual tomorrow, aft which it volition nary longer beryllium a Canadian company. He added that the institution volition besides beryllium renamed Keel Infrastructure, describing the determination arsenic a mode to bespeak its positioning arsenic an “infrastructure developer and owner.”

Gagnon emphasized that the institution is not trying to vie straight successful compute oregon unreality services, alternatively focusing connected enabling hyperscalers and “neo cloud” customers to deploy capableness connected clip and run without interruption.

→ Down +25%, Chinese Giant PDD Could Be a Strong Long-Term Value

Crypto Miners Strike Gold successful AI: Stocks to Watch

Gagnon described what helium called a “unique portfolio” totaling astir 2.2 gigawatts of energized, secured, and enlargement capacity crossed Pennsylvania, Quebec, and Washington, with the “vast majority” of the pipeline successful Pennsylvania.

Sharon (Pennsylvania): 110 MW successful occidental Pennsylvania adjacent Pittsburgh and Cleveland.
Panther Creek (Pennsylvania): 350 MW secured, with imaginable to grow beyond 400 MW and perchance “upwards of 500 MW.” Gagnon said it is astir 3 hours from New York and Philadelphia and is attracting important interest.
Scrubgrass (Pennsylvania): Potential for a gigawatt of capacity, including a 750 MW elaborate load survey “under progressive processing with FirstEnergy,” with visibility expected successful the Q3–Q4 timeframe. The institution is besides moving connected an further 550 MW of on-site earthy state generation, which would bring full capableness to astir 1.3 GW, according to Gagnon.
Washington: An 18 MW tract nether development, which Gagnon said is being developed with Turner Construction and Vertiv.
Quebec: 170 MW, with a absorption connected 96 MW successful Sherbrooke. Gagnon said Bitfarms has 3 Bitcoin mining sites determination (48 MW, 30 MW, and 18 MW) and plans to consolidate powerfulness onto a caller field adjacent those sites.