Bitfarms Ltd. is preparing to change its legal domicile from Canada to the United States and will adopt a new name, Keel Infrastructure. The company has received legal counsel from Skadden, Arps, Slate, Meagher & Flom and Osler, Hoskin & Harcourt to support this transition.
The redomiciliation and rebranding are part of Bitfarms’ strategic efforts to align its corporate structure with its operational focus and growth plans in the U.S. market.
**Why this matters**
Relocating to the U.S. may provide Bitfarms with improved access to capital markets and regulatory environments that are favorable for its business. The rebranding to Keel Infrastructure signals a potential shift or expansion in the company’s strategic direction.
Source: NewsData