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On Track to Complete U.S. Redomiciliation and Rebrand to Keel Infrastructure on or About April 1, 2026
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TORONTO, Ontario and NEW YORK, March 20, 2026 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”), a North American digital infrastructure and energy company, today announced that at the special meeting of shareholders (the “Special Meeting”) held earlier today, the Company’s shareholders have voted in favor of a special resolution to approve a statutory plan of arrangement involving the Company and Keel Infrastructure Corp. (the “Arrangement”) pursuant to which the Company will redomicile from Canada to the United States (the “U.S. Redomiciliation”) and rebrand as Keel Infrastructure.
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“Today’s vote is an endorsement of our hard work over the course of more than a year, and an important milestone in our strategic pivot,” said CEO Ben Gagnon. “We restructured the business, rebalanced and grew the portfolio, recruited a team of proven experts, and strengthened our balance sheet which now lets us move with determination and flexibility. We are excited to be moving forward on our U.S. Redomiciliation plan and getting closer to rebranding as Keel Infrastructure. On behalf of the Board and management team, we thank our shareholders for their strong support as we embark on this exciting next chapter.”
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At the Special Meeting, approximately 99.3% of votes cast were in favor of the Arrangement. To be effective, the Arrangement required the affirmative vote of at least 662/3% of the votes cast by holders of common shares of Bitfarms present in person or represented by proxy at the Special Meeting.
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The U.S. Redomiciliation is expected to be completed on or about April 1, 2026, subject to obtaining court approvals, as well as the satisfaction of all other conditions precedent. The Toronto Stock Exchange (the “TSX”) has conditionally approved the Arrangement and the listing of shares of common stock of Keel Infrastructure (the “Keel Common Stock”). Keel Common Stock is expected to begin trading on Nasdaq and the TSX under the ticker “KEEL” two business days following completion of the U.S. Redomiciliation, subject to fulfilling all of the listing requirements of Nasdaq and the TSX, respectively.
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Additional details of the results of the Special Meeting will be made available under the Company’s SEDAR+ profile at www.sedarplus.ca, under the Company’s EDGAR profile at www.sec.gov and on the Company’s website at www.bitfarms.com.
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About Bitfarms Ltd.
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Bitfarms is a North American digital infrastructure and energy company that develops and owns data centers and energy infrastructure for high-performance computing workloads, including artificial intelligence.
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Bitfarms’ 2.1 GW North American energy portfolio is comprised of energized, under development, and pipeline MW, located in established data center clusters, with robust access to power and fiber infrastructure.
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Bitfarms is headquartered in New York, NY and Toronto, ON and traded on Nasdaq and the Toronto Stock Exchange.
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Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding the U.S. Redomiciliation, the benefits of the U.S. Redomiciliation, the anticipated effective date of the U.S. Redomiciliation, the required approvals for the U.S. Redomiciliation, the listing and trading of Keel Common Stock on the Nasdaq and TSX, and other statements regarding future growth, plans and objectives of Bitfarms are forward-looking information.
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