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Keel Infrastructure sells 2,520 bitcoin in Q3 to pivot toward AI data centers

Keel Infrastructure, formerly known as Bitfarms, sold 2,520 bitcoin for approximately $192 million in the third quarter, liquidating almost its entire treasury to support a shift into artificial intelligence data centers, according to industry reports.

Keel Infrastructure logo featuring a stylized K monogram alongside the company name on a white background.
Image: @blocknewsdotcom

Keel Infrastructure, the firm formerly known as Bitfarms, sold 2,520 bitcoin for approximately $192 million in the third quarter, effectively liquidating its treasury holdings, according to reports from BlockNews and crypto commentator Scott Melker. Intelligence account Solid Intel separately reported that the company offloaded nearly its entire bitcoin treasury.[1][2][3]

Moving forward, the company plans to sell all newly mined bitcoin on a daily basis as it redirects its operational focus toward AI data center infrastructure, according to BlockNews and Solid Intel.[2][3]

Key facts

  • Keel Infrastructure is the company formerly known as Bitfarms, trading under the ticker KEEL.
  • The company sold 2,520 BTC for approximately $192 million during the third quarter, according to BlockNews and Scott Melker.
  • The third-quarter transactions effectively liquidated all or nearly all of the company's bitcoin treasury.
  • Keel Infrastructure plans to sell newly mined bitcoin on a daily basis, per BlockNews and Solid Intel.
  • The treasury liquidation and daily sales plan accompany a shift in focus toward AI data center infrastructure, according to BlockNews.

Sources 路 3 sources

  1. TW

    The Wolf Of All Streets@scottmelkerPost on X 路

    KEEL $KEEL, FORMERLY BITFARMS, SELLS 2,520 $BTC FOR $192M IN Q3, INCLUDING ITS ENTIRE TREASURY https://t.co/AYd5h0O0y7

    Open source
  2. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: Keel Infrastructure $KEEL, formerly Bitfarms, sells 2,520 $BTC worth $192 MILLION in Q3, effectively LIQUIDATING its Bitcoin treasury! The company plans to sell newly mined Bitcoin DAILY as it shifts its focus toward AI data center infrastructure. https://t.co/EaQwwQ7sCY

    Open source
  3. SI

    Solid Intel 馃摗@solidintel_xPost on X 路

    INTEL: Keel Infrastructure $KEEL, formerly Bitfarms, sells nearly its entire bitcoin treasury and plans to dump all newly mined BTC daily

    Open source