Bitfarms Shareholders Approve U.S. Redomiciliation Plan

About this update from Keel Infrastructure Corp.

[{"type":"text","content":"Bitfarms Shareholders Approve U.S. Redomiciliation PlanOn Track to Complete U.S. Redomiciliation and Rebrand to Keel Infrastructure on or About April 1, 2026\nTORONTO, Ontario and NEW YORK, March 20, 2026 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”), a North American digital infrastructure and energy company, today announced that at the special meeting of shareholders (the “Special Meeting”) held earlier today, the Company’s shareholders have voted in favor of a special resolution to approve a statutory plan of arrangement involving the Company and Keel Infrastructure Corp. (the “Arrangement”) pursuant to which the Company will redomicile from Canada to the United States (the “U.S. Redomiciliation”) and rebrand as Keel Infrastructure. “Today’s vote is an endorsement of our hard work over the course of more than a year, and an important milestone in our strategic pivot,” said CEO Ben Gagnon. “We restructured the business, rebalanced and grew the portfolio, recruited a team of proven experts, and strengthened our balance sheet which now lets us move with determination and flexibility. We are excited to be moving forward on our U.S. Redomiciliation plan and getting closer to rebranding as Keel Infrastructure. On behalf of the Board and management team, we thank our shareholders for their strong support as we embark on this exciting next chapter.”At the Special Meeting, approximately 99.3% of votes cast were in favor of the Arrangement. To be effective, the Arrangement required the affirmative vote of at least 662/3% of the votes cast by holders of common shares of Bitfarms present in person or represented by proxy at the Special Meeting. The U.S. Redomiciliation is expected to be completed on or about April 1, 2026, subject to obtaining court approvals, as well as the satisfaction of all other conditions precedent. The Toronto Stock Exchange (the “TSX”) has conditionally approved the Arrangement and the listing of shares of common stock of Keel Infrastructure (the “Keel Common Stock”). Keel Common Stock is expected to begin trading on Nasdaq and the TSX under the ticker “KEEL” two business days following completion of the U.S. Redomi...

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