Bitfarms to be Acquired by Keel Infrastructure through Reverse Merger, Shifting Listing to US

Bitfarms has agreed to a reverse merger with Keel Infrastructure Corp., shifting its listing from Canada to the US and potentially changing investor perception. The deal includes existing shareholders receiving shares in Keel Infrastructure, which will list on both Nasdaq and TSX. The combined entity's strategy and funding after the merger will be crucial, given its limited cash runway and recent shareholder dilution.