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BIBITF

Bitfarms Ltd.

Rising onWhy it's trendingX mentions rising faster than the marketPrice and volume picking up
$BITF·$1.3B·Financial - Capital Markets·Financial Services
$2.16+9.1%YTD-11.1%1Y+120.0%
Mentions · last 7 days
100
Price updated 20d ago·X counts updated 20d ago
BIBITF
$BITFBitfarms Ltd.
$2.16+9.09%100 posts
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $BITF, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeAcceleratingAI verdict · as of 2026-06-25

The move is getting stronger, with heavier trading behind it.

Bitfarms rebranded as Keel Infrastructure and pivoted to AI data centers — $458M zero-coupon convert just landed, today's +9% reflects the conviction.

Bitfarms — now Keel Infrastructure Corp. (ticker switching to KEEL on Nasdaq) — is the BTC-mining-to-AI-data-center pivot story, with management converting power capacity from Bitcoin mining into AI compute hosting. The rebrand and the capital raise both just happened.

What's driving the move:

  • The Keel Infrastructure rebrand is the pivot signal: an Item 4.01 disclosure on June 11 reported the change from Bitfarms to Keel Infrastructure Corp. — that's the formal pivot from a BTC-miner narrative to a digital-infrastructure landlord identity, the same playbook Hut 8, Applied Digital, and Cipher Mining have run.
  • The $458M convertible offering is the strategic capital: Keel issued $458M of 1.250% Convertible Senior Notes due 2032 on June 9 (including $58M overallotment) — that's near-zero coupon financing locking in the AI-data-center buildout capital at favorable terms, with the conversion strike implying meaningful upside-deferred dilution.
  • The print is still pre-pivot ugly: Q1 revenue declined 45% YoY to $37M at -144% operating margin and -$75M of FCF — that's the BTC-mining-margin-compression story, with the rebrand and capital raise designed to fund the pivot before the next quarter's print.
  • Sentiment treats this as the cleanest BTC-to-AI rebrand: +109.4% from the $2.87 call per the X thread, a 60% drawdown turned into +40% post-rebrand, framed as 'most undervalued AI data center play' — that's the maximally constructive bull thesis, and the bear voice is essentially absent.

Accelerating fits — shares +9.1% today at $2.16, sitting at 43% of 52-week range, +35% above 50d MA, +27% above 200d MA. Next earnings (date not in bundle) has to confirm the AI-data-center pivot is converting power capacity from BTC mining to hosting, that the $458M convertible proceeds are being deployed, and any named-customer disclosure. A clean print plus AI-hosting revenue color extends the rerate.

Agrees with X sentimentX bulls have the BitFarms-to-Keel-Infrastructure AI-data-center rebrand framing, the +109.4% from the $2.87 call, the 60%-drawdown-to-+40%-post-rebrand path, and the 'most undervalued AI data center play' positioning right — all consistent with the bundle. The bear voice being essentially absent reflects the market's clean read of the pivot economics.

What to watch: Next earnings (date not disclosed) — AI-data-center pivot progress, $458M convertible proceeds deployment, named-customer disclosure, and BTC-mining-to-hosting capacity conversion timeline. A clean print plus AI-hosting revenue color extends the rerate.

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment6 posts analyzed · as of 2026-06-08

Bitfarms (now KEEL) is being framed as the cleanest 'BitFarms-to-AI-data-center' rebrand winner: +109.4% from the $2.87 call, a 60% drawdown turned to +40% post-rebrand, and 'most undervalued AI data center play.' The bear voice is essentially absent.

Read the AI verdict + X sentiment for $BITF

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Mines Bitcoin using large-scale data centers powered primarily by hydroelectric energy in North America.

Industry overviewAI analysisGenerated by AI from underlying data

Where Financial - Capital Markets sits in its cycle right now — and what that implies for $BITF.

Financial - Capital Markets · Financial Services

No material change from last week — Robinhood reporting its highest single-day signups confirms the retail infrastructure layer directly benefits from high-profile IPO cycles.

What this means for $BITF

Direct beneficiary — BITF's Bitcoin mining with low-cost North American hydro power benefits from CLARITY Act regulatory clarity as institutional demand improves; cost advantage strengthens competitive position as legitimacy grows.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+6.8%YTD
+12.0%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-7.4How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-23.8%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-123%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-11.6%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
14.6Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-69.9%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
-22.4%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.4Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q4 2025Mar 26, 2026$-0.18$-0.04-350.0%
Q3 2025Nov 13, 2025$-0.02$-0.020.0%
Q2 2025Aug 12, 2025$-0.02$-0.01-100.0%
Q1 2025May 14, 2025$-0.04$-0.040.0%

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$37.0M-44.7%-71.1%-144%$-0.24$-75.0M
Q4 FY25$15.4M-72.6%-65.0%-316%$-0.26$-97.8M
Q3 FY25$69.2M+54.4%-4.2%-41.8%$-0.14$-69.2M
Q2 FY25$77.8M+87.3%-7.0%-50.9%$-0.05$-93.5M

Forward consensus

3-year forecast · up to 2 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$112.6M$21.0M – $168.5M-$0.26-$0.52 – -$0.142
FY27$161.3M$123.1M – $199.6M-$0.15-$0.30 – -$0.012
FY28$567.0M$259.8M – $849.8M$0.69$0.20 – $1.141

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.8×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.43%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+35.1%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+27.2%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 533.8M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today4.5% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β3.725-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial eventJun 168-K — Item 4.01
AI summary

The entity formerly trading as BITF has rebranded as Keel Infrastructure Corp. (ticker KEEL on Nasdaq) and filed an 8-K (Item 4.01) dated June 11, 2026, reporting a change in the registrant's certifying accountant. Item 4.01 covers auditor changes, which can signal financial reporting concerns or a strategic transition. Combined with the apparent name and ticker change from BITF to KEEL, this is a material structural transformation requiring close attention.

8-KMaterial agreementJun 108-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 3.02: Unregistered equity sale · Item 8.01: Other event
AI summary

Keel Infrastructure Corp. (a Bitfarms Ltd. subsidiary) issued $458 million aggregate principal of 1.250% Convertible Senior Notes due 2032 on June 9, 2026, including $58 million from full exercise of the overallotment option. The notes are fully and unconditionally guaranteed on a senior, unsecured basis by Bitfarms Ltd. and rank equally with Keel's existing 1.375% convertible notes due 2031. This large convertible issuance adds balance sheet leverage with potential equity dilution upon conversion, guaranteed by the parent Bitfarms.

S-3ASRAuto-shelf registrationApr 7S-3ASR
AI summary

BITF filed a S-3ASR (automatic shelf) shelf registration statement dated 2026-04-07. The shelf provides capacity to issue equity or debt as market conditions allow. No immediate capital raise is triggered; watch for prospectus supplements disclosing actual transactions.

8-KOfficer or director changeApr 38-K — Item 5.02: Officer or director change
AI summary

BITF disclosed a personnel change (8-K Item 5.02, dated 2026-04-03). An executive departure and a new appointment are both reported. Chief Operating Officer and on April 2, 2026, with Rachel Silverstein. Personnel changes are generally administrative; materiality depends on seniority and circumstances.

3New insider — initial holdingsApr 13
AI summary

Form filed by More than One Reporting Person Table I - Non-De filed a Form 3 (initial ownership statement) for BITF on 2026-04-01, initiating required Section 16 reporting. Role: of Reporting Person. Form 3 is a mandatory administrative filing upon first becoming an insider or 10%+ holder; it does not reflect a purchase or sale event.

3New insider — initial holdingsApr 13
AI summary

Form filed by More than One Reporting Person Table I - Non-De filed a Form 3 (initial ownership statement) for BITF on 2026-04-01, initiating required Section 16 reporting. Role: of Reporting Person. Form 3 is a mandatory administrative filing upon first becoming an insider or 10%+ holder; it does not reflect a purchase or sale event.

3New insider — initial holdingsApr 13
AI summary

Form filed by More than One Reporting Person Table I - Non-De filed a Form 3 (initial ownership statement) for BITF on 2026-04-01, initiating required Section 16 reporting. Role: of Reporting Person. Form 3 is a mandatory administrative filing upon first becoming an insider or 10%+ holder; it does not reflect a purchase or sale event.

3New insider — initial holdingsApr 13
AI summary

Form filed by More than One Reporting Person Table I - Non-De filed a Form 3 (initial ownership statement) for BITF on 2026-04-01, initiating required Section 16 reporting. Role: of Reporting Person. Form 3 is a mandatory administrative filing upon first becoming an insider or 10%+ holder; it does not reflect a purchase or sale event.

+ 32 other (12 6-Ks · 7 3s · 4 13Gs · 2 routine 8-Ks) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Bitcoin set to slump to new lows for 2026 after recent sell-off, traders forecastcnbc.com·44d agoClarity Act Passes Senate Banking Committee, Crypto Stocks Rallyinvestors.com·64d agoBitfarms Q1 Earnings Call Highlightsmarketbeat.com·67d agoBitcoin surged in April, but weak buyer demand makes the rally vulnerablecnbc.com·77d agoCrypto Markets Today, April 27: Bitcoin Slips Below $77,000 as Rally Faltersfool.com·81d ago

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Voices on X · last 7 days

No standout posts about $BITF on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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