keel

According to Globenewswire, the Nasdaq-listed Bitcoin mining company Keel Infrastructure (formerly Bitfarms) has completed the issuance of $458 million in convertible preferred notes, with a coupon rate of 1.25%, maturing in 2032, and an initial conversion price of approximately $7.41 (a 25% premium over the closing price on June 4). Part of the raised funds will be used to purchase capped call options to hedge against dilution risk at the time of note conversion.Keel stated that the existing liquidity is expected to be sufficient to develop the Panther Creek, Sharon, and Moses Lake projects through leasing, and this fundraising will enhance the company's flexibility for general corporate purposes such as long-term equipment deposits or collateral for data center project letters of credit.

The Nasdaq-listed Bitcoin mining company Bitfarms disclosed a revenue of $229 million for the fiscal year 2025, a year-on-year increase of 72%, but a net loss from continuing operations of $209 million.As of March 27, its cash and Bitcoin liquidity was approximately $520 million, and it announced that it has received shareholder approval to complete its relocation to the United States and rename itself as Keel Infrastructure as early as April 1, 2026, with the stock ticker expected to change to KEEL.The company also plans to "timely" sell approximately 2,400 Bitcoins, valued at about $161 million, to invest in HPC and AI infrastructure construction, further diminishing its positioning as a pure Bitcoin mining company.

The Nasdaq-listed Bitcoin mining company Bitfarms announced that it will relocate its headquarters from Canada to the United States, and it will also be renamed Keel Infrastructure. The related matters must be approved by shareholders, the stock exchange, and the court. It is reported that Keel Infrastructure will be a company established under the laws of Delaware, and after the change of registered office is completed, its common stock will trade on the updated Nasdaq and Toronto Stock Exchange.

Sky ecosystem capital allocation platform Keel announced the launch of a $500 million investment plan aimed at attracting real-world assets (RWA) into the Solana network. This initiative, named "Tokenization Regatta," was announced at the Solana Breakpoint conference held in Abu Dhabi, and it aims to attract tokenized asset issuers through a competitive process. Selected projects will receive direct funding and support for issuing risk-weighted assets (RWA) on the Solana platform, such as debt, credit, or funds.

ChainCatcher news, Sky announced on the X platform that the latest "Star" project of the Sky ecosystem, Keel, has been launched. This is a capital engine for Solana. Keel is leveraging the power of Sky to expand liquidity, credit, and the scale of tokenized assets on the Solana network.With a liquidity planning blueprint of $2.5 billion, Keel's capital engine is ready to kick off the next phase of growth for Solana DeFi development.