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Companies / Financials / Keel Infrastructure Corp.
KEEL

Keel Infrastructure Corp.

FinancialsFinance Services
Ticker KEELNEW YORK, NYFiscal year ends DecemberBook value per share $1.02Diluted shares 551.7M

Bitfarms Ltd. develops and owns digital and energy infrastructure, with a strategic focus on data centers for high-performance computing (HPC) and artificial intelligence workloads. It plans to lease data center capacity to hyperscalers, cloud service providers, AI companies and enterprises under long-term contracts;… From the company’s description.

In fiscal 2025, Keel Infrastructure Corp. reported revenue of $229.28M and a net loss of $284.54M. Its pre-tax margin was −65.2%.

Fiscal year 2025 · ends 12-31
Sales & profitability
$229.28MFY2025
-65.25%FY2025
$-284.54MFY2025
-50.78%FY2025
Cash & financing
$-226.59MFY2025
$-347.06MFY2025
1.20FY2025
551.7MFY2025

Dotted labels explain each measure.

What Keel Infrastructure Corp. does

In the company’s own words

Bitfarms Ltd. develops and owns digital and energy infrastructure, with a strategic focus on data centers for high-performance computing (HPC) and artificial intelligence workloads. It plans to lease data center capacity to hyperscalers, cloud service providers, AI companies and enterprises under long-term contracts; this business had not generated revenue as of year-end 2025. Its legacy Bitcoin Mining operations use specialized ASIC computers at sites in the United States and Canada, contributing computing power to mining pools in return for Bitcoin. The company is progressively redirecting its power assets from mining toward HPC development and does not plan to invest further capital to expand mining capacity. Its infrastructure pipeline totaled approximately 2.2 gigawatts of power capacity as of March 27, 2026, including 648 megawatts of secured capacity. Bitfarms reported 274 employees across Canada and the United States as of that date. Founded in 2017, the company acquired Stronghold Digital Mining in March 2025, adding Pennsylvania sites and power-generation assets. Its website is www.bitfarms.com.

Company details
Sector
Financials
Industry (SIC)
Finance Services
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1812477
SIC
6199

Financial performance, year by year

Fiscal 2025–2025 · USD
$-335.93M$-181.78M$-27.63M$126.51M$280.66M2025

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Keel Infrastructure Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

117
funds hold it
0 of 35
superinvestors hold it
$481.83M
held by funds, at market
14.5%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Keel Infrastructure Corp.’s weight in each

iShares Russell 2000 ETF
IWM · iShares Trust
0.10%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Valkyrie Bitcoin Miners ETF
WGMI · Valkyrie ETF Trust II
10.70%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Keel Infrastructure Corp.’s bonds, as funds hold them

Funds report holding 1 issues of Keel Infrastructure Corp.’s debt, $7.58M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 1.25%, maturing 2032 to 2032.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Keel Infrastructure Corp. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Keel Infrastructure Corp.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Keel Infrastructure Corp.'s last four quarterly filings that the numbers alone won't show?”
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