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Hash Rate

11.5

EH/s

Efficiency

21.0

J/TH

BTC HODL

1,188

BTC Production

236

BTC per EH/s

22.3

Utilization

93%

Power (MW)

310

Description

Keel Infrastructure Corp. is a North American digital infrastructure and energy company developing and owning data centers for high-performance computing (“HPC”) workloads, including AI, headquartered in New York City with asset footprints across Pennsylvania, Washington, and Quebec. The Company, transitioned from Bitfarms, leverages a multi-gigawatt power pipeline to support scalable hyperscaler computing.

1101 Brickell Avenue

Suite 1500

Miami, FL 33131

United States

647 259 1790

https://www.keelcorp.com/

Sector(s): Technology

Industry: Software—Infrastructure

Full Time Employees: 250

All estimated data and analysis provided by Power Analysis

Keel Infrastructure Q2 Earnings Q&A | Ben Gagnon CEO Interview | Top AI Stocks to Watch | KEEL

Keel Infrastructure Q1 Earnings CEO Q&A | Ben Gagnon | Top AI Stocks to Watch | KEEL Stock News

Bitfarms Q3 Earnings & Outlook | HPC & AI Growth Strategy | Ben Gagnon CEO Q&A | BITF Stock News

Bitfarms Q2 Earnings & Outlook | HPC Strategy & Developments | Ben Gagnon CEO Q&A | BITF News

Bitfarms Q1 Earnings & Outlook | Latest Bitcoin Mining Stock News | Ben Gagnon CEO Q&A | BITF

Keel Infrastructure 2025 Business Update | Keel Infrastructure Strategy & Growth | Bitcoin Mining News Now | BITF

Keel Infrastructure Q3 CEO Earnings Interview | Latest Bitcoin Mining Stock News Today | Keel Infrastructure | BITF

Ben Gagnon

Chief Executive Officer & Director

Mr. Gagnon is a proven strategist and people-focused executive in the Bitcoin mining space. He contributes extensive experience successfully guiding companies through the evolving cryptocurrency landscape. His ability to efficiently implement aggressive growth plans provides a critical bridge between the Board and management team, maximizing effective oversight and shareholder value creation opportunities.


Jeffrey Lucas

CPA, CFA – Chief Financial Officer

Jeffrey Lucas is the Chief Financial Officer of Keel Infrastructure, overseeing financial strategy, capital allocation, and growth initiatives. With over 30 years of international experience across technology, manufacturing, and financial services, he has a proven track record in corporate finance, M&A, and capital restructuring.

Before joining Keel Infrastructure in 2021, Jeffrey was Managing Director at Mackinac Partners, a national restructuring firm. He previously served as President and CFO of eMagin Corporation and held CFO and Board Director roles at Transfreight Group, GPX International Tire Corporation, Micro Networks Corporation and DS Waters of America. Earlier in his career, he worked in high-yield investment banking, institutional money management, and public accounting at PricewaterhouseCoopers.

Jeffrey holds a B.A. in Economics from Tufts University, an M.B.A. in Finance from Harvard Business School and studied at the London School of Economics. He is a Certified Public Accountant and a Chartered Financial Analyst.


Liam Wilson

Chief Operating Officer

Liam Wilson is an operations executive with over 20 years of leadership and operational management experience. As Chief Operating Officer at Keel Infrastructure, he oversees the company’s business initiatives and daily operations. With deep expertise in the energy sector, he has successfully executed transactions totaling more than 900 MW of power across key U.S. markets, driving the development and operation of high-performance teams and facilities.

Before joining Keel Infrastructure, Liam served as Chief Operating Officer at Mawson Infrastructure Group Inc., where he led all global business activities focusing on the US and PJM in particular. Liam has also held senior management roles at EVT Hospitality and Entertainment and The Whitehouse Group.

Monthly Miner Data

August 20, 2026, Keel Infrastructure.

Keel Infrastructure Supports Governor Shapiro’s GRID Standards for Responsible Data Center Development

August 10, 2026, Keel Infrastructure.

Keel Infrastructure Reports Second Quarter 2026 Results

July 27, 2026, Keel Infrastructure.

Keel Infrastructure Schedules Second Quarter 2026 Conference Call on August 10, 2026

July 15, 2026, Keel Infrastructure.

Keel Infrastructure Advances Sherbrooke, Québec Data Center Project

July 06, 2026, Keel Infrastructure.

Keel Infrastructure Appoints Ganesh Aiyer as President

June 29, 2026, Keel Infrastructure.

Keel Infrastructure Added to Russell 3000® Index

June 09, 2026, Keel Infrastructure.

Keel Infrastructure Announces Closing of $458 Million of Convertible Senior Notes

June 05, 2026, Keel Infrastructure.

Keel Infrastructure Announces Pricing of Upsized $400 Million of Convertible Senior Notes

June 04, 2026, Keel Infrastructure.

Keel Infrastructure Announces Proposed Offering of $350 Million of Convertible Senior Notes

May 11, 2026, Keel Infrastructure.

Keel Infrastructure Reports First Quarter 2026 Results

April 28, 2026, Keel Infrastructure.

Keel Infrastructure To Present at Needham Technology, Media, & Consumer Conference in NYC

April 27, 2026, Keel Infrastructure.

Keel Infrastructure Schedules First Quarter 2026 Conference Call on May 11, 2026

April 22, 2026, Keel Infrastructure.

Keel Infrastructure Announces Closing of Paso Pe Sale

April 01, 2026, Keel Infrastructure.

Bitfarms Officially Rebrands as Keel Infrastructure; Completes U.S. Redomiciliation

March 27, 2026, Keel Infrastructure.

Bitfarms Reports Fiscal Year 2025 Results

March 31, 2026, Keel Infrastructure.

Bitfarms to Participate in Jefferies Fireside Chat

March 20, 2026, Keel Infrastructure.

Keel Infrastructure Shareholders Approve U.S. Redomiciliation Plan

March 17, 2026, Keel Infrastructure.

Keel Infrastructure Schedules Fourth Quarter 2025 Conference Call on March 31, 2026

March 9, 2026, Keel Infrastructure.

Keel Infrastructure Expands Leadership Team with Seasoned U.S. Industry Experts to Support HPC/AI Infrastructure Development

March 5, 2026, Keel Infrastructure.

Independent Proxy Advisory Firms, Including ISS, Recommend Keel Infrastructure Shareholders Vote FOR U.S. Redomiciliation

February 24, 2026, Keel Infrastructure.

Keel Infrastructure Announces Filing and Mailing of Materials for Special Meeting of Shareholders to Approve U.S. Redomiciliation Plan

February 6, 2026, Keel Infrastructure.

Keel Infrastructure Announces U.S. Redomiciliation Plan and Intent to Rebrand as Keel Infrastructure

January 14, 2026, Keel Infrastructure.

Keel Infrastructure Announces Board Chair Transition in Anticipation of U.S. Redomiciliation

January 7, 2026, Keel Infrastructure.

Keel Infrastructure to Present at Needham Growth Conference in NYC

January 2, 2026, Keel Infrastructure.

Keel Infrastructure Announces Complete Exit from Latam with Sale of its Paso Pe Site for up to $30M

November 13, 2025, Keel Infrastructure.

Keel Infrastructure Reports Third Quarter 2025 Results

October 30, 2025, Keel Infrastructure.

Keel Infrastructure Schedules Third Quarter 2025 Conference Call on November 13, 2025

October 27, 2025, Keel Infrastructure.

October 2025 Convertible Financing FAQ

October 21, 2025, Keel Infrastructure.

Keel Infrastructure Announces Closing of US$500 Million of Convertible Senior Notes

October 16, 2025, Keel Infrastructure.

Keel Infrastructure Announces Pricing of Upsized US$500 Million of Convertible Senior Notes

October 15, 2025, Keel Infrastructure.

Keel Infrastructure Announces Proposed Offering of US$300 Million of Convertible Senior Notes

October 14, 2025, Keel Infrastructure.

Keel Infrastructure Announces the Retirement of Jeff Lucas, Chief Financial Officer, and the Appointment of Jonathan Mir as Successor

October 10, 2025, Keel Infrastructure.

Keel Infrastructure Converts Macquarie Debt Facility to $300M Project Financing and Draws Additional $50M to Accelerate HPC/AI Development at Panther Creek Campus

August 18, 2025 , Keel Infrastructure.

Keel Infrastructure Appoints Former AWS Executive Wayne Duso to Board of Directors

August 12, 2025 , Keel Infrastructure.

Keel Infrastructure Reports Second Quarter 2025 Results

August 5, 2025 , Keel Infrastructure.

Keel Infrastructure Announces Partnership with T5 Data Centers to Advance HPC/AI Development at Panther Creek Campus

July 29, 2025 , Keel Infrastructure.

Keel Infrastructure Schedules Second Quarter 2025 Conference Call on August 12, 2025

July 28, 2025 , Keel Infrastructure.

Keel Infrastructure Announces Second Principal Executive Office in NYC and Initiates Conversion to U.S. GAAP

July 22, 2025 , Keel Infrastructure.

Keel Infrastructure Announces Corporate Share Buyback Program

July 01, 2025 , Keel Infrastructure.

Keel Infrastructure Announces Results of Annual General and Special Meeting of Shareholders

May 14, 2025 , Keel Infrastructure.

Keel Infrastructure Reports First Quarter 2025 Results

May 7, 2025 , Keel Infrastructure.

Keel Infrastructure Schedules First Quarter 2025 Conference Call on May 14, 2025

May 6, 2025 , Keel Infrastructure.

Keel Infrastructure Announces Participation in Upcoming Investor and Industry Conferences

May 1, 2025 , Keel Infrastructure.

Keel Infrastructure Provides April 2025 Production and Operations Update

April 02, 2025 , Keel Infrastructure.

Keel Infrastructure Enters into Initial Agreement for Private Debt Facility with a division of Macquarie Group for up to $300 Million to Fund Initial HPC Project Development at Panther Creek

April 01, 2025 , Keel Infrastructure.

Keel Infrastructure Provides March 2025 Production and Operations Update

March 27, 2025 , Keel Infrastructure.

Keel Infrastructure Reports Fourth Quarter 2024 Results

March 26, 2025 , Keel Infrastructure.

Keel Infrastructure Appoints James Bond as Senior Vice President of High-Performance Computing

March 19, 2025 , Keel Infrastructure.

Keel Infrastructure Schedules Fourth Quarter and Full Year 2024 Conference Call on March 27, 2025

March 18, 2025 , Keel Infrastructure.

Keel Infrastructure Completes Strategic Sale of its Yguazu, Paraguay Data Center

March 17, 2025 , Keel Infrastructure.

Keel Infrastructure Advances U.S. Strategy with Completion of Stronghold Digital Mining Acquisition

March 04, 2025 , Keel Infrastructure.

Keel Infrastructure Announces Participation in Upcoming Investor and Industry Conferences

March 03, 2025, Keel Infrastructure.

Keel Infrastructure Provides February 2025 Production and Operations Update

February 03, 2025, Keel Infrastructure.

Keel Infrastructure Provides January 2025 Production and Operations Update

January 31, 2025, Keel Infrastructure.

Keel Infrastructure Engages Strategic Partners to Develop HPC/AI Business

January 28, 2025, Keel Infrastructure.

Keel Infrastructure Enters into a Binding LOI with HIVE Digital Technologies for the Sale of its Yguazu, Paraguay Site

January 08, 2025, Keel Infrastructure.

Keel Infrastructure to Present at Needham Growth Conference in NYC January 08, 2025

January 02, 2025, Keel Infrastructure.

Keel Infrastructure Provides December 2024 Production and Operations Update

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Keel Infrastructure CEO Ben Gagnon Q&A - Q3 Earnings & Growth Outlook!

Nov. 14, 2024 | 10:00AM EST | Power Mining Analysis

Key Highlights from Keel Infrastructure' Podcast

Strategic Growth and Industry Leadership

- CEO Ben Gagnon shares Keel Infrastructure' success in maximizing Bitcoin mined per exahash, positioning the company as a leader in the industry.

- Despite market volatility, operational improvements and team management have led to positive adjusted EBITDA, setting the stage for future growth.

Deployment and Challenges of New Mining Technology

- Keel Infrastructure deployed 83,000 T21 mining machines to enhance efficiency and strengthen global leadership.

- Challenges, such as faulty deliveries leading to zero hash rates, have prompted a shift toward diversifying the fleet with more efficient models to improve performance.

Strategic Energy Use and Global Expansion

- Keel Infrastructure’ power contracts in regions like Paraguay and Pennsylvania are key to optimizing performance and maximizing margins.

- The company focuses on renewable energy and demand response programs to enhance energy efficiency.

Regulatory Environment and Political Influences

- The potential impact of political shifts, including Donald Trump’s supportive stance on cryptocurrency, is explored as a possible benefit for the mining sector.

- Strategic planning is essential for adapting to regulatory changes and political landscapes.

Preparation for a Bullish Bitcoin Market

- Keel Infrastructure is preparing for a potential Bitcoin bull market with advancements in energy efficiency and the development of a new 200-megawatt mining site in Paraguay.

- The new site will host state-of-the-art equipment to maximize utility and performance.

Strategic Adaptations and Future Outlook

- Keel Infrastructure is adjusting its portfolio by focusing more on opportunities in the U.S., responding to market conditions and political changes.

- The decision to relocate miners to U.S. facilities reflects a strategic shift aimed at maximizing growth and investment opportunities.

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Keel Infrastructure 2025 Business Update | Keel Infrastructure Strategy & Growth | Bitcoin Mining News Now | BITF

Keel Infrastructure is in the midst of a transformative phase, pivoting towards a robust growth strategy in the US after selling its Paraguay facility to Hive. Their CEO, Ben Gagnon, discusses the implications this sale has for the company's future, emphasizing long-term planning, efficiency, and potential expansions into high-performance computing (HPC) and AI.

  • Sale of Paraguay facility to Hive as a strategic move
  • Focus on maximizing returns from US energy resources
  • Recent January production results show a 19% growth in hash rate
  • Ongoing improvements to T21 miners and operations
  • Development of hybrid Bitcoin mining and HPC models
  • Importance of positioning for the upcoming market cycles
  • Conversation highlights the need for long-term strategic planning

Feel free to visit our channel and let us know your thoughts about Keel Infrastructure and their planned direction!

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Bitfarms Q3 Earnings & Outlook | HPC & AI Growth Strategy | Ben Gagnon CEO Q&A | BITF Stock News

We unpack Q3 results, explain IFRS versus operational reality, and walk through the strategy to pivot from Bitcoin mining to high‑margin HPC and AI infrastructure. We cover Washington’s build, the power pipeline, lease timing, and why patience can create more value than quick wins.

  • Clarifying Q3 revenue treatment under IFRS and Paraguay asset classification
  • Options strategy reducing effective cost of Bitcoin and de‑risking cash flows
  • $1.1bn war chest and capital allocation toward HPC and AI infrastructure
  • No rush leases strategy to secure higher long‑term rates and stronger terms
  • Location advantage in Washington, Pennsylvania, Quebec and cooling economics
  • Washington build economics, potential cloud model, and payback expectations
  • Managing construction risk, supply chains, and next‑gen rack densities
  • Power pipeline status: energized, secured, under application across sites
  • Environmental benefits including water treatment and closed‑loop cooling
  • Funding mix ahead with project debt, structured capital, and new CFO
  • Outlook for public Bitcoin mining vs distributed, marginal‑cost models
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Keel Infrastructure Q2 Earnings Q&A | Ben Gagnon CEO Interview | Top AI Stocks to Watch | KEEL

  • Q2 highlights framed as proof of transition execution
  • Why quarterly earnings can understate long-term contracted value
  • Texas, New York, and Pennsylvania compared as three different regulatory and grid stories
  • Why we do not treat LOIs like signed deals and what the engineering work really involves
  • Moses Lake versus Sharon versus Panther Creek sequencing and permitting status
  • How 2027 power scarcity creates tenant tension and better commercial outcomes
  • Vertiv partnership scope and why build commitments must match lease commitments
  • Cost of capital viewed through levered yield on cost and return on equity
  • Load studies, expansion capacity, and what gives confidence at Panther Creek and Scrubgrass
  • Training versus inference economics and why geography matters for future demand
  • Community support projects used to solve real local problems and build trust