Keel Infrastructure Corp. KEEL.TO

Company Overview

Bitfarms Ltd. is a publicly traded digital asset infrastructure company primarily engaged in Bitcoin mining. The company operates within the cryptocurrency mining and blockchain infrastructure industries, focusing on the industrial-scale validation of Bitcoin transactions and the production of Bitcoin as its core revenue driver. Bitfarms’ business model centers on owning and operating vertically integrated mining facilities powered predominantly by long-term, low-cost electricity contracts.

The company’s primary customers are not end consumers but rather the Bitcoin network itself, with revenues derived from block rewards and transaction fees denominated in Bitcoin. Bitfarms is positioned as a low-cost, energy-efficient miner, emphasizing hydroelectric and renewable energy sources as a strategic advantage. Founded in 2017, Bitfarms began as a Canadian-focused miner and has since expanded into multiple international jurisdictions, evolving into a geographically diversified public mining operator listed on Nasdaq under the ticker BITF.