Home BlockchainBitfarms Stock Pumps as It Dumps Bitcoin Mining for AI With Name Change, Move to US

Bitfarms Stock Pumps as It Dumps Bitcoin Mining for AI With Name Change, Move to US

by Decrypt
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Bitfarms Stock Pumps as It Dumps Bitcoin Mining for AI With Name Change, Move to US

In brief

  • Bitfarms plans to change its name to Keel Infrastructure and move to the U.S. as it transitions away from Bitcoin mining.
  • The firm will hold a special shareholder vote on March 20 to seek approval for the move.
  • Shares of BITF are up nearly 27% on Friday amid a crypto equities and token bounce.

Publicly traded Bitcoin miner Bitfarms is fully detaching itself from the top crypto asset, changing its name to Keel Infrastructure as it seeks to transition its business to the United States to focus on…

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