Bitfarms .(US:BITF) Yahoo Finance·2026-02-07 13:15Core Viewpoint - The Bitcoin mining industry is experiencing significant transformations as companies pivot away from Bitcoin mining due to declining profitability and rising operational costs, with a notable shift towards artificial intelligence (AI) and high-performance computing (HPC) operations. Group 1: Industry Trends - Bitcoin mining, once a lucrative venture, has become less profitable due to multiple halvings, increased power costs, and a recent crash in Bitcoin prices [2] - High-profile exits from Bitcoin mining operations are being observed, with companies like Bit Digital planning to shut down their Bitcoin mining activities entirely [3] Group 2: Company Developments - Bitfarms Ltd. has announced its transition from a Bitcoin mining company to focusing on AI and HPC operations, indicating a strategic redomicile from Canada to the United States [4][5] - The company will operate under the new name Keel Infrastructure and will trade under the ticker "KEEL" on both Nasdaq and the Toronto Stock Exchange [5] - CEO Ben Gagnon emphasized that the company is now an infrastructure-first owner and developer for HPC/AI data centers across North America, marking a clear departure from its previous Bitcoin-centric business model [6]