Ben Gagnon is turning Bitfarms into Keel Infrastructure, swapping crypto for the one thing AI giants can’t get enough of: power.

In late 2023, Bitcoin miner Ben Gagnon concluded that his employer, Bitfarms of Quebec, was in the wrong business. For Gagnon, Bitfarms’ greatest value lay

In late 2023, Bitcoin miner Ben Gagnon concluded that his employer, Bitfarms of Quebec, was in the wrong business. For Gagnon, Bitfarms’ greatest value lay not in the giant racks of GPUs that generated Bitcoin, but the immense power supplies it controlled. The then 34-year-old chief mining officer who’d launched his career crafting makeshift crypto-minting rigs in Hong Kong and Taipei, reckoned that Bitfarms could make much more money by exiting the field full stop, demolishing the “mines,” selling the chips that filled them, and re-channeling its plentiful flow of megawatts to power-craving industrial users at plants newly built on the Bitfarms sites.

Keel, voorheen Bitfarms, verkocht 2.520 bitcoin voor 192 miljoen dollar en het aandeel zakte 22 procent. Waar wil het bedrijf nu zijn geld mee verdienen?

The big revelation came in March of 2024, when Core Scientific and CoreWeave unveiled a stunning new deal. Bitcoin titan Core Scientific would refashion a mining facility in Austin, Texas, as an AI data center, and rent the power and buildings to the neocloud. That Bitcoin-to-AI play struck Gagnon as a model that Bitfarms could follow on a grand scale, from Quebec to Washington state. “It was the big aha moment,” recalls Gagnon. “Suddenly, we saw who the right customer was.” At the time, Bitfarms was mired in turmoil. In early 2024, the board was searching for its third leader in five years. The sitting chief agreed to depart when Bitfarms named a successor, but in May—believe it or not while still CEO—instead filed a $27 million suit for “wrongful termination and breach of contract,” plunging this Canadian exemplar of all-green, hydro-driven Bitcoin mining into legal warfare. Pounded by a sharp drop in the token’s prices, Bitfarms’ stock was languishing, and a rival pounced. Two days after the board fired the CEO, Riot Platforms unveiled a hostile $930 million takeover bid for Bitfarms at a lowly $2.30 a share, 75% below its peak in late 2021. After Bitfarms installed a...

Former Bitcoin Miner Sells $192 Million in Bitcoin to Shift Toward AI Data Centres Keel Infrastructure,...

Mineradora também prometeu vender diariamente novos bitcoins minerados Fonte: Mineradora Bitfarms revela que vendeu todos os seus bitcoins no último trimestre **Veja mais notícias sobre Bitcoin. Siga o Livecoins no Facebook, Twitter, Instagram e YouTube.**

Operating AI data centers isn’t any easier for companies that swapped out their bitcoin-mining servers for greener pastures.

Keel Infrastructure, anteriormente conocida como Bitfarms, anunció el 5 de noviembre de 2026 que vendió 2.520 BTC por 192,2 millones de dólares durante el…

Formerly Bitfarms, Keel sold 2,520 BTC for $192M in Q3, including most of its treasury, and will sell new output daily as it pivots to AI data centers.

Keel Infrastructure, formerly Bitfarms, sold 2,520 BTC for about $192 million in Q3 and will sell mined bitcoin daily as it pivots to AI computing.

Former bitcoin mining company Keel Infrastructure sold its entire BTC treasury during the third quarter, generating $192 million in proceeds as it accelerates its transition into artificial intelligence (AI) infrastructure amid a broader sell-off in mining and AI-related stocks. Keel Infrastructure, formerly known as Bitfarms, disclosed Thursday that it sold 2,520 BTC during the quarter […]