Bitfarms Shareholders OK Plan to Swap Shares Into New Delaware Parent Keel Infrastructure

Bitfarms logo Key Points Shareholders approved a special resolution to exchange each existing Bitfarms common share for one share of common stock of newly incorporated Delaware entity Keel Infrastructure Corp., which will become Bitfarms’ ultimate parent. The arrangement was supported unanimously by the board and independent proxy advisers and passed on a preliminary count with 173,274,022 votes for and 1,173,232 against (approval required ≥ 66 2/3%). Management said the change is a key step in the ...