Bitfarms Stock: What The Quebec Miner Does And How To Buy It In Canada

What Happened To Bitfarms Stock?

If you went looking for BITF and found nothing, this is why. Bitfarms shareholders voted on March 20, 2026 to approve an arrangement that moved the company's legal home to the United States and renamed it Keel Infrastructure. About 99.3% of the votes cast were in favour. The deal closed on April 1, 2026, and the new KEEL ticker replaced the old Bitfarms shares at the open on April 6.

For a Canadian holder, the shares carried over into Keel. The ticker, the company's country of incorporation and the way it describes itself all changed. That last part matters more than the name.

What Does Keel Infrastructure Do Now?

In a June 9, 2026 filing, Keel described itself as a digital infrastructure and energy company with a 2.2 gigawatt operating pipeline, with sites in Pennsylvania, Washington State and Quebec. Its stated plan is to build data centres for high-performance computing and AI workloads. Bitcoin mining is still there, but it is described as the legacy operation.

That changes how I think about the stock. Someone who bought Bitfarms to get leveraged exposure to the Bitcoin price now owns a company whose future depends partly on whether it can sign AI and data centre customers and finance the build. It may still move with Bitcoin. It is no longer only a Bitcoin proxy.

How Do You Buy Keel Infrastructure Stock In Canada?

1. Open a brokerage account that can trade TSX or Nasdaq-listed shares. A crypto exchange cannot sell you this stock, so none of the exchanges in my ranking is the right tool here.
2. Search for KEEL, not BITF. It is listed on both Nasdaq and the TSX. Check which currency and exchange your order screen shows before you confirm.
3. Decide on order type. A limit order lets you set the maximum price. Mining and infrastructure stocks can move sharply in a day.
4. Record the trade. Shares are capital property for most investors, and half of a capital gain is included in income under CRA's current rules. Keep the date, share count and CAD value.

What Is The Current Stock Price Of Bitfarms In Canada?

I will not quote one here, because a price printed in an article is out of date within minutes. Look up KEEL on your brokerage app or on the TSX or Nasdaq website. Searching for the old BITF ticker will often show you stale pages from before the rebrand.

Is Bitfarms A Good Stock To Buy?

I do not give stock advice, and neither should a crypto blog. What I can do is tell you what to check. First, how much of the company's value now depends on Bitcoin mining versus AI and data centre contracts. Second, how it is financed: on June 9, 2026 Keel announced the closing of $458 million of convertible senior notes at 1.250%, due January 15, 2032, with a conversion price of $7.41 per share, and the proceeds are earmarked for data centre development at its Panther Creek, Sharon and Moses Lake sites. Convertible debt can dilute shareholders if converted. Third, the Bitcoin price itself, which still drives mining revenue.

What Is The Forecast For Bitfarms Stock In 2030?

Nobody knows, and the sites that print a precise 2030 target for a mining stock are making it up from a trend line. If you want a view of the sector, read the company's own filings and the Bitcoin price outlook from sources you trust. For many Canadians, owning Bitcoin directly through a registered exchange is a simpler way to get Bitcoin exposure. My guide to buying cryptocurrency in Canada compares the options, and crypto mining in Canada explains the power and tax side of mining itself.

How Does Keel Compare With Hut 8?

The comparison shows a sector-wide move. Both companies describe themselves as more than miners now, and both have shifted their head offices south of the border. If you hold Canadian mining shares inside a registered account, check which exchange and currency your holding is on, because a company can have a TSX line and a Nasdaq line for the same stock.

What Should You Read Before Buying A Mining Stock?

1. The latest earnings release and annual report. Look at how much revenue still comes from mining and how much from data centre contracts.
2. The financing terms. Convertible notes, like Keel's $458 million issue at 1.250% due 2032 with a $7.41 conversion price, can turn into new shares if the stock rises.
3. The power position. Mining margins depend on electricity cost and contracts. Read where the sites are and how much power is secured. Keel names Panther Creek, Sharon and Moses Lake for its data centre build.
4. The filing type. After the April 2026 redomiciliation, Keel files US-style reports such as 8-Ks with the SEC, where before it filed 6-Ks as a foreign filer. Search the SEC's EDGAR system for the company name.
5. The Bitcoin price. It still drives the mining side of the income statement.

How Are Mining Stocks Taxed In Canada?

For most investors, shares are capital property. A sale creates a capital gain or loss, and half of a capital gain is included in income under the CRA's current rules. Schedule 3 needs Canadian-dollar amounts, so if you buy the Nasdaq line in US dollars, convert each purchase and sale to Canadian dollars to work out your cost base and proceeds. Keep your brokerage confirmations. Active traders can be treated as carrying on a business, which changes the rules, and that is a question for an accountant. For coins rather than shares, my crypto taxation guide explains the reporting.