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Project Overview
Keel is a Sky-enabled (fka MakerDAO) onchain capital allocator focused on DeFi and tokenized assets in the Solana ecosystem. As a Pioneer Star in the Sky Ecosystem, Keel also has a key role in supporting the development and maintenance of Sky's SVM (Solana Virtual Machine) primitives, enabling native Solana access to the Sky and USDS ecosystem.
Event-related news
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.
Mining Companies Transition from Bitcoin Mining to AI, Keel and Hive Stock Prices Rise
Odaily News Keel Infrastructure and Hive Digital Technologies saw their stock prices rise on April 22. Keel completed the sale of its Paso Pe mining facility in Paraguay, securing $13 million in funds, with the aim of fully exiting the Bitcoin mining business and shifting its focus to high-performance computing and AI development in North America. Hive Digital Technologies completed a $115 million private placement, with the funds to be used for purchasing GPUs and developing data centers. The stock prices of the two companies have risen by over 40% and 31% respectively in the past month. Additionally, Core Scientific announced plans to issue $3.3 billion in high-yield bonds to fund its transition to AI infrastructure.
Related news
Bitcoin mining company Keel Infrastructure completes issuance of $458 million senior convertible notes due 2032
Keel Infrastructure has completed the issuance of $458 million in aggregate principal amount of senior convertible notes due 2032, bearing a coupon of 1.250%, including the $58 million over-allotment option fully exercised by the initial purchasers.
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.
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.
Mining Companies Transition from Bitcoin Mining to AI, Keel and Hive Stock Prices Rise
Odaily News Keel Infrastructure and Hive Digital Technologies saw their stock prices rise on April 22. Keel completed the sale of its Paso Pe mining facility in Paraguay, securing $13 million in funds, with the aim of fully exiting the Bitcoin mining business and shifting its focus to high-performance computing and AI development in North America. Hive Digital Technologies completed a $115 million private placement, with the funds to be used for purchasing GPUs and developing data centers. The stock prices of the two companies have risen by over 40% and 31% respectively in the past month. Additionally, Core Scientific announced plans to issue $3.3 billion in high-yield bonds to fund its transition to AI infrastructure.