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Welcome back to The Blockspace Podcast! For today’s bonus episode, Ben Gagnon, CEO of Keel Infrastructure, joins us to talk about the company's rebranding from Bitfarms and its transition from bitcoin mining to AI and HPC infrastructure. We dive into the complexities of re-domiciling from Canada to the U.S., Keel’s decision to liquidate its bitcoin holdings throughout 2026, and how the company is securing power permits in high-barrier markets like Pennsylvania and Washington.
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• Rebrand from Bitfarms to Keel Infrastructure.
• Re-domiciled from Canada to the United States.
• Keel plans to liquidate 2,400 Bitcoin holdings.
• Sitting on over $500 million in total liquidity.
• Target Bitcoin mining capacity of 4-5 EH/s post-AI transition.
• Only the fifth Canadian company in 15 years to re-domicile to US.
01:24 Bitfarms is now Keel
03:41 Rebranding headaches
08:39 Changes to operations?
10:39 Bitcoin treasury sale
14:17 Panther Creek, Sharon & Moses Lake
21:10 Waste coal power plants
24:28 Any hybrid site plans?
26:25 Regulatory roadblocks?
28:13 Operational transition plan
32:16 Private equity redemption limitations
CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.
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