Keel Infrastructure Corp. Common Stock

KEEL

Market cap $1.3B

Bitcoin ( CRYPTO: BTC ) has always been touted as a digital gold you buy and hold—and will go up if you're patient enough.

Bitfarms has rebranded as Keel Infrastructure Corp., shifting its business model from Bitcoin mining to pure-play data center colocation and powered shell infrastructure. KEEL now owns a 2.2 GW gross capacity portfolio, with Scrubgrass as a potentially transformative gigacampus pending power interconnection progress through 2026. The pivot to colocation reduces CapEx and depreciation risk, aligning Keel more closely with peers and customer demand, but inherited financial liabilities remain a concern.

Bitfarm posts a wider-than-expected Q4 loss despite 39.7% revenue growth as costs weigh on results, while shares inch up following the release.

Bitfarms Ltd. (BITF:CA) Q4 2025 Earnings Call Transcript

Commercialization efforts underway at Panther Creek (PA), Sharon (PA), and Moses Lake (WA) $520 million of cash and Bitcoin on the balance sheet to support site development as of March 27, 2026 Continuing to advance 2.2 GW development pipeline across Washington state, Pennsylvania and Québec sites Shareholders approved redomiciliation to the U.S. from Canada; closing of the transaction expected on or about April 1, 2026; Bitfarms will rebrand to Keel Infrastructure on closing TORONTO, Ontario and NEW YORK, March 31, 2026 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) ("Bitfarms" or the "Company"), a North American digital and energy infrastructure company, today reported its financial results for the year ended December 31, 2025.

Here's a look at the earnings calendar for the holiday-shortened week of March 30, 2026, which also marks the end of the first calendar quarter of 2026.

BITF heads into Q4 earnings with rising revenues but mounting losses, as heavy AI-driven capex, impairments and debt weigh on the profitability outlook.

In the most recent trading session, Bitfarms Ltd. (BITF) closed at $2.21, indicating a -4.33% shift from the previous trading day.

In November, Bitfarms announced plans to switch from Bitcoin mining to high-performance computing and AI infrastructure. Its Q4 2025 earnings should provide an early idea of how the move is going.

Bitfarms (BITF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.