Bitfarms Reports Revenue Growth and Plans U.S. Relocation

Bitfarms, a Nasdaq-listed Bitcoin mining company, has reported a revenue of $229 million for the fiscal year 2025, marking a 72% increase. According to Foresight News, despite the revenue growth, the company faced a net loss of $209 million from its ongoing operations. As of March 27, Bitfarms' liquidity, including cash and Bitcoin, stood at approximately $520 million. The company has announced shareholder approval to relocate its registration to the United States by April 1, 2026, and plans to rebrand as Keel Infrastructure, with an expected stock symbol change to KEEL. Additionally, Bitfarms intends to sell around 2,400 Bitcoins to invest in high-performance computing (HPC) and AI infrastructure, aiming to shift its focus from being solely a Bitcoin mining enterprise.