Keel Infrastructure said it is fully dismantling its Bitcoin mining facilities as it converts those sites into AI and high-performance computing data centers, deepening a strategic shift by the company formerly known as Bitfarms. The company sold 1,085 Bitcoin between April and August for about $75 million, reducing its holdings to 1,861 Bitcoin, as it repositioned its power assets around AI infrastructure. Chief Executive Officer Ben Gagnon said surging demand for AI and HPC computing changed the company's view of how to extract value from electricity-heavy sites, with management concluding that AI infrastructure can generate greater returns than Bitcoin mining. The move adds to evidence that listed miners facing weaker mining economics are increasingly trying to turn power capacity and industrial sites into alternative computing businesses.