Keel Infrastructure Exits Bitcoin Mining, Sells $75M in BTC to Fund AI Data Center Pivot

BitcoinWorld Keel Infrastructure Exits Bitcoin Mining, Sells $75M in BTC to Fund AI Data Center Pivot Keel Infrastructure, the company formerly known as Bitfarms, has officially exited the Bitcoin mining business.

In its second-quarter earnings release, the firm announced it has fully halted mining operations and will repurpose its existing facilities into AI data centers. The transition marks a significant strategic shift for one of the industry’s earlier players.

Strategic Pivot to AI Infrastructure According to the earnings report, Keel Infrastructure sold 1,085 BTC between April 1 and August 7, generating approximately $75 million in proceeds. The company currently holds 1,861 BTC on its balance sheet.

These funds are expected to support the conversion of its mining sites into high-performance computing facilities tailored for artificial intelligence workloads.