Investment
Features
FeesSafety
Academy
More
Pluang+

Bitfarms rebrands to Keel, sells 1,670 BTC, and shifts from Bitcoin mining to AI computing amid heavy losses.

Market News
10 Aug 2026
Crypto Briefing
View Source
Bearish
Bitfarms rebrands to Keel, sells 1,670 BTC, and shifts from Bitcoin mining to AI computing amid heavy losses.

Bitfarms, now rebranded as Keel Infrastructure, has sold 1,670 Bitcoin since April 2026 and shut down all US mining operations, pivoting to AI-focused high-performance computing. This shift caused the company’s Bitcoin cost basis to nearly double to $205,946, meaning Keel must see much higher Bitcoin prices to profit from its remaining holdings. Despite $210 million in losses in the first half of 2026, Keel holds $715 million in cash, funding its costly transition. This move reflects a broader trend of former crypto miners repurposing infrastructure for AI workloads.

More News

Royal Caribbean nears $3B deal for 50% stake in Sandals, valuing it at $6B

Royal Caribbean nears $3B deal for 50% stake in Sandals, valuing it at $6B

Royal Caribbean is close to securing a $3 billion deal to acquire a 50% equity stake in Sandals, valuing the Caribbean resort chain at $6 billion. This move aims to expand Royal Caribbean's presence in land-based vacations, complementing its cruise b...

Market News
Bearish
4 hours ago
Moov launches Moov Money, a P2P payment solution using Visa and Mastercard debit cards without app requirements.

Moov launches Moov Money, a P2P payment solution using Visa and Mastercard debit cards without app requirements.

Moov has introduced Moov Money, a real-time peer-to-peer payment service developed with Visa and Mastercard. This solution allows users to send and receive money through their digital banking provider using any eligible Visa or Mastercard debit card,...

Market News
Bullish
4 hours ago
Sui Mainnet launches GraphQL subscriptions for real-time blockchain data streaming

Sui Mainnet launches GraphQL subscriptions for real-time blockchain data streaming

Sui has introduced GraphQL subscriptions on its Mainnet, enabling developers to stream real-time blockchain data such as checkpoints, transaction blocks, and events through a single WebSocket interface. This upgrade replaces the older JSON-RPC system...

Protocol Fundamentals
Bullish
4 hours ago
Most altcoin holders face losses as Bitcoin outperforms with 28% gain over two years.

Most altcoin holders face losses as Bitcoin outperforms with 28% gain over two years.

Only 36 of the top 100 altcoins currently show profits for holders, while Bitcoin has risen about 28% in the past two years. The altcoin market has struggled since an October 2025 liquidation event, with many tokens trading well below their 200-day a...

Market News
Bearish
4 hours ago
Apple plans a new screen-less fitness tracker to rival Whoop, launching possibly by 2028.

Apple plans a new screen-less fitness tracker to rival Whoop, launching possibly by 2028.

Apple is developing a new screen-less fitness tracker, described as a thin fabric band with sensors, to compete with Whoop. The product is still in the exploratory phase, with prototypes made, and is not expected to launch before 2028. This new devic...

Market News
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App