Bitfarms has announced its financial results for the fiscal year 2025, reporting a revenue of $229 million, marking a 72% increase from the previous year. As of March 27, the company holds approximately $520 million in cash and Bitcoin, with $359 million in cash and $161 million in unpledged Bitcoin. Bitfarms is advancing its 2.2 GW data infrastructure development pipeline in North America, focusing on Pennsylvania, Washington, and Quebec.
Shareholders have approved the company's re-domiciliation from Canada to the United States, with a rebranding to Keel Infrastructure expected to be completed by April 1. The stock ticker will change from BITF to KEEL. Bitfarms is transitioning from Bitcoin mining to high-performance computing and AI data center infrastructure.
Bitfarms Reports $229 Million Revenue for FY 2025, Plans Rebranding
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
