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Founded in 2017, Bitfarms（TSE: BITF） is a global Bitcoin self-mining company that performs vertically integrated mining operations through on-site technical repairs, proprietary data analytics and company-owned electrical engineering and installation services to provide high operational performance and uptime.
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Bitcoin mining company Keel Infrastructure to raise $400 million through convertible preferred notes offering
According to GlobeNewswire, Nasdaq-listed Bitcoin mining company Keel Infrastructure (formerly Bitfarms) announced plans to raise $400 million through the issuance of convertible senior notes. The offering is expected to close around June 9, 2026, subject to market and other closing conditions. Proceeds will be used to pay related capped call transaction costs and for general corporate purposes, including long-term equipment deposits and credit guarantees for data center construction. If the underwriters exercise their over-allotment option, a portion of the net proceeds will be allocated to additional capped call transactions, with the remainder used for general corporate purposes.
25-Year-Old AI Stock Guru Discloses Q1 Holdings: Heavy on AI Power, Computing, and Mining Stocks
former OpenAI researcher Leopold Aschenbrenner has updated the stock holdings of his "Situational Awareness Fund" as of the end of the first quarter of 2026.The disclosure shows that his major positions are concentrated in AI power, data centers, computing infrastructure, and Bitcoin mining companies. Among them, the Bloom Energy position amounts to $878.7 million, Sandisk to $724.4 million, and CoreWeave to $556.1 million.Additionally, he holds significant positions in mining companies and AI infrastructure firms such as Iren Limited, Core Scientific, Applied Digital, Riot Platforms, Cleanspark, Bitdeer, and Bitfarms and holds stocks semiconductor-related stocks including AMD, Intel, TSMC, ASML, and Micron.
Keel Infrastructure Reports $145 Million Net Loss in Q1, Completes Transition from Bitcoin Mining to AI Infrastructure
According to The Block, Keel Infrastructure Corp. (Nasdaq: KEEL, formerly Bitfarms) reported its Q1 2026 financial results, posting a net loss of $145 million and revenue down 23% year-on-year to $37 million. The loss was primarily driven by a $41 million non-cash impairment related to changes in the fair value of digital assets and a $22 million loss from the write-off of the Macquarie credit facility. The company completed its U.S. re-domiciliation and rebranding in April this year, formally exiting the Latin American market, and has continued reducing its Bitcoin holdings—selling a total of 269 BTC between January and May 8, generating $20 million in cash proceeds. As of May 8, the company’s total liquidity stood at approximately $533 million, comprising $336 million in unrestricted cash and $197 million in unencumbered Bitcoin.