AI × CryptoNeutralcrypto.news · 3h ago6/10
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Keel shares jump as $145M Q1 loss tests former Bitfarms’ AI pivot
Keel (formerly Bitfarms) reported a $145M Q1 loss with revenue declining to $37M, yet its stock price rose following announcements of a strategic pivot to AI infrastructure and a $533M liquidity boost. The divergence between financial deterioration and market optimism reflects investor confidence in the company's transformation away from cryptocurrency mining.
