Bitfarms Redomiciliation Gains Key Proxy Firm Support

Event summary

  • Proxy advisory firm ISS has recommended Bitfarms shareholders vote in favor of the company’s U.S. redomiciliation.
  • The special resolution for redomiciliation will be voted on at a shareholder meeting on March 20, 2026.
  • The redomiciliation aims to transition Bitfarms from an international Bitcoin miner to a North American digital infrastructure and energy company, Keel Infrastructure.
  • A two-thirds majority of votes cast is required for the resolution to pass.
  • The record date for shareholders eligible to vote was February 13, 2026.

The big picture

Bitfarms’ move to redomicile in the U.S. reflects a broader trend of cryptocurrency companies seeking greater access to U.S. capital markets and a more favorable regulatory environment. The shift also signals a strategic pivot away from pure Bitcoin mining towards a more diversified digital infrastructure model, aligning with the growing demand for high-performance computing resources. ISS’s endorsement significantly increases the likelihood of shareholder approval, but the long-term success hinges on the company’s ability to execute its new strategy and realize the promised benefits.

What we're watching

Shareholder Sentiment
The final vote tally will reveal the extent of shareholder support for the redomiciliation, potentially signaling broader sentiment towards the strategic shift.
Index Inclusion
Whether Bitfarms’ inclusion in U.S. indices materializes post-redomiciliation will be a key indicator of the strategy’s success in attracting institutional investment.
Keel Transition
The pace at which Bitfarms can successfully transition its operations and brand to the Keel Infrastructure identity will determine the long-term viability of the redomiciliation.