Bitfarms Announces Filing and Mailing of Materials for Special Meeting of Shareholders to Approve U.S. Redomiciliation Plan

Core Viewpoint - Bitfarms is undergoing a strategic transition to redomicile from Canada to the United States and rebrand as Keel Infrastructure, aiming to enhance long-term shareholder value and capitalize on new opportunities in high-performance computing and AI infrastructure [4][5]. Meeting Details - A special meeting of shareholders is scheduled for March 20, 2026, to approve the U.S. redomiciliation and rebranding plan, requiring a two-thirds majority vote [2][8]. Legal and Procedural Matters - The Ontario Superior Court of Justice has granted an interim order allowing the meeting and the distribution of related materials to shareholders [3]. Strategic Rationale - The CEO emphasized that the transition is a critical step in the company's strategic pivot, with expectations of unlocking value as a U.S.-domiciled entity focused on HPC/AI infrastructure [4][5]. Arrangement Details - Each outstanding common share of Bitfarms will be exchanged for one share of Keel Common Stock, which is expected to trade on Nasdaq and the TSX under the ticker symbol KEEL [5][6]. Operational Impact - The U.S. redomiciliation is not anticipated to affect existing operations or facilities in Canada and the U.S., with Keel Infrastructure continuing the current business activities of Bitfarms [6]. Expected Benefits - The company expects several advantages from the redomiciliation, including expanded access to capital, increased index eligibility, improved commercial positioning, and reduced regulatory risks [7][15].