Core Viewpoint - Bitfarms Ltd. is transitioning from Bitcoin mining to high-performance computing and AI data centers, reflecting a strategic shift aimed at enhancing shareholder value [2][5]. Group 1: Company Transition - Bitfarms Ltd. has announced plans to move its operations from Canada to the US, forming a new entity under Delaware law, expected to be named Keel Infrastructure [1][2]. - The reincorporation is subject to shareholder and court approval, with a target completion date of April 1 [2]. Group 2: Strategic Implications - This transition is anticipated to open new sources of capital, improve eligibility for index inclusion, and simplify the investment thesis for US investors [5]. - The company's CEO, Ben Gagnon, emphasized that the new name reflects the company's vision for infrastructure and customer service [3]. Group 3: Market Position and Analyst Insights - Bitfarms operates Bitcoin mining and data centers across multiple countries, including the US, Canada, Paraguay, and Argentina [6]. - Analysts have a 12-month price target for Bitfarms that suggests a potential upside of over 176% from current levels, despite a Hold rating from KBW with a $3 price target [5].