Bitcoin prices fell this week after cryptocurrency treasury company Strategy revealed it sold a small amount of its bitcoin holding. Traders on prediction market Kalshi think it's likely that the cryptocurrency will fall below $60,000, which would mark a new low in 2026.
Bitfarms NASDAQ: BITF, now presenting as Keel Infrastructure, used its first-quarter 2026 earnings call to emphasize its shift from Bitcoin mining toward North American digital infrastructure for high-performance computing and artificial intelligence customers.
Bitcoin gained 12.7% in April, registering back-to-back monthly gains and its best month since April 2025. The run was driven by leveraged trading activity in the derivatives market while demand for the spot bitcoin contracted, signaling weakness in the rally, according to CryptoQuant.
At 5.00 PM Eastern time, Bitcoin (BTC 2.17%) had slipped 1.6% to $76,978.87 while Ethereum (ETH 3.23%) was down 3.2% to $2,290.06 and Solana (SOL 3.05%) declined 2.9% to $84.19.
Bitfarms has rebranded as Keel Infrastructure Corp., shifting its business model from Bitcoin mining to pure-play data center colocation and powered shell infrastructure. KEEL now owns a 2.2 GW gross capacity portfolio, with Scrubgrass as a potentially transformative gigacampus pending power interconnection progress through 2026. The pivot to colocation reduces CapEx and depreciation risk, alig...
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