Bitfarms Ltd. (BITF) Stock: Breakout Rally Follows $229 Million Revenue and U.S. Rebrand Plan

In Brief

• (SeaPRwire) –   Bitfarms’ stock increased by 5.59% to $1.94 following a significant rally and positive financial outcomes.

• The company’s revenue surged by 72% to $229 million as its operations expanded.

• Plans are underway for a U.S. rebrand to Keel Infrastructure, accompanied by a new stock ticker.

• A strategic pivot towards High-Performance Computing (HPC) and AI indicates a move beyond its traditional Bitcoin mining model.

• Bitfarms’ financial health improved after settling $100 million in debt.

Bitfarms (BITF) shares rose to $1.9428, marking a 5.59% gain after a notable surge and stabilization near its daily peak. This upward movement was driven by strong financial performance and a strategic pivot towards high-performance computing infrastructure. Bitfarms signaled a significant transformation with its proposed U.S. rebrand and change of domicile.

Bitfarms Ltd., BITF

Bitfarms Reports Revenue Growth and Financial Restructuring

Bitfarms announced revenue of $229 million for 2025, representing a 72% increase year-over-year. The company broadened its operations while reorganizing its financial reporting to comply with U.S. GAAP standards. This adjustment brought Bitfarms’ reporting framework in line with expectations in the U.S. market.

Bitfarms recorded an operating loss of $150 million, primarily due to non-cash depreciation and impairment charges. Additionally, the company reported a net loss of $209 million, influenced by fluctuations in digital asset valuations. A decline in Bitcoin prices impacted its overall financial results.

Bitfarms achieved an adjusted EBITDA of $29 million, which accounted for 13% of its total revenue. This figure represented a decrease from the prior year, despite substantial revenue growth. Nevertheless, Bitfarms maintained approximately $520 million in liquidity, comprising cash and Bitcoin holdings.

Bitfarms Advances U.S. Rebrand and Infrastructure Expansion

Shareholders have approved Bitfarms’ plan to redomicile to the United States and adopt the new name Keel Infrastructure. This change will establish Bitfarms as a U.S.-based digital infrastructure firm. Furthermore, its shares will trade under the KEEL ticker, replacing its current listings.

Bitfarms continues to expand its presence across North America, specifically in Pennsylvania, Washington, and Québec. The company is focusing on regions that offer robust power access and high demand for data centers. Moreover, Bitfarms has progressed with development at its Panther Creek, Sharon, and Moses Lake sites.

To bolster its governance, Bitfarms appointed a new board chair with extensive experience in infrastructure. The company also expanded its corporate and engineering teams to support large-scale development initiatives. These steps are intended to accelerate the execution of Bitfarms’ infrastructure pipeline.

Bitfarms Develops HPC Pipeline and Strengthens Balance Sheet

Bitfarms is developing a 2.2 gigawatt infrastructure pipeline across North America. This portfolio includes 341 megawatts of operational capacity and 430 megawatts of secured future capacity. An additional 1.5 gigawatts are currently under expansion and evaluation by Bitfarms.

The company enhanced its financial flexibility by paying off $100 million in outstanding debt. This move streamlined its capital structure and will facilitate future project financing. Bitfarms is now better positioned to allocate capital towards infrastructure investments focused on growth.

Bitfarms is transitioning its focus from Bitcoin mining to high-performance computing and AI infrastructure. This strategy aligns with the increasing demand for scalable data center capacity. Bitfarms aims to capitalize on opportunities within energy-backed digital infrastructure markets.