Bitfarms Ltd. Q4 2025 Earnings Call Summary

The company is executing a total strategic pivot from Bitcoin mining to high-performance computing (HPC) and AI infrastructure, rebranding as Keel Infrastructure effective April 1, 2026. Management is prioritizing a pure-play colocation and powered-shell business model over GPU-as-a-Service to maximize shareholder value and meet specific hyperscaler demands. The strategy focuses exclusively on North American markets, specifically Pennsylvania, Washington, and Quebec, where high barriers to entry and p ...