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Keel Infrastructure Announces Proposed Offering of $350 Million of Convertible Senior Notes
The company says proceeds may fund its shift to high-performance computing infrastructure and other corporate needs as it weighs additional capital requirements.
- After the market close on Thursday, Keel Infrastructure Corp., a North American digital infrastructure company, announced plans to offer $350 million of convertible senior notes due 2032.
- Keel, the rebrand of Bitfarms Ltd., completed a strategic pivot away from Bitcoin mining and is now positioned as a North American digital infrastructure firm focused on high-performance computing workloads.
- As of May 8, the Company maintained total liquidity of approximately $533 million, including approximately $336 million in cash and approximately $197 million in unencumbered Bitcoin, while shares fell 6.75% on Thursday despite rising approximately 82% over the past month.
- The Company intends to use net proceeds for general corporate purposes, including funding deposits for long-lead equipment or collateralizing letters of credit for expanding data center development projects.
- Risks include dependence on reliable power sources in Canada, Pennsylvania, and Washington, and significant Bitcoin price volatility; trading in Company securities should be considered highly speculative.
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Post Register+7 Reposted by 7 other sources
Keel Infrastructure Announces Pricing of Upsized $400 Million of Convertible Senior Notes
NEW YORK, June 05, 2026 (GLOBE NEWSWIRE) -- Keel Infrastructure Corp. (NASDAQ/TSX: KEEL), a North American digital and energy infrastructure company (“Keel” or the “Company”), today announced that it has priced its offering of $400 million aggregate principal amount of…
Hastings Tribune+3 Reposted by 3 other sources
Keel Infrastructure Announces Proposed Offering of $350 Million of Convertible Senior Notes
NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) -- Keel Infrastructure Corp. (NASDAQ/TSX: KEEL), a North American digital and energy infrastructure company (“Keel” or the “Company”), today announced that it intends to offer $350 million aggregate principal amount of convertible senior…
·Nebraska, United States
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Total News Sources13
Leaning Left6Leaning Right1Center4Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 36%
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