Bitfarms Plans to Gradually Sell Off Bitcoin Holdings, Shift to AI

CoinDesk (March 31) — Bitcoin mining firm Bitfarms is accelerating its exit from the crypto sector, confirming it has begun selling a portion of its Bitcoin holdings as it pivots to an artificial intelligence (AI) infrastructure business. The company generated $28.2 million in revenue from Bitcoin sales in 2025, though it did not disclose the exact number of coins sold. Management has stated plans to continue these sales. Per data from BitcoinTreasuries.net, Bitfarms currently holds 1,827 Bitcoins. During Tuesday’s fourth-quarter earnings call, CEO Ben Gagnon noted: “Over time, we will eventually hold no Bitcoin at all.” He added the firm will “opportunistically sell Bitcoin during market strength” and keep operating its miners to “maximize free cash flow before selling the machines.” This signals a gradual exit rather than an immediate liquidation. Bitfarms is also undergoing a structural shift: Shareholders have approved its relocation to the U.S. and rebranding to Keel Infrastructure (KEEL). The transaction is expected to close around April 1, 2026, at which point the company’s stock will trade under the KEEL ticker.