Keel Infrastructure, formerly Bitfarms, Sells 2,520 BTC for $192M in Q3

Keel Infrastructure, formerly Bitfarms, sold 2,520 BTC for $192 million in Q3, effectively liquidating its bitcoin treasury. The company plans to sell newly mined BTC daily as it shifts toward AI data center infrastructure. It has begun construction at its Moses Lake AI data center site, with HPC revenue expected in 2027, and is negotiating leases across three sites.