Keel Infrastructure (Bitfarms) Debt and Lenders
The public financings naming Keel Infrastructure (Bitfarms), with lenders, pricing and sources.
Keel Infrastructure (Bitfarms) has raised $300M in 1 public debt or structured financing since 2025, from 1 named lender. Leads include Macquarie.
Profile
| Type | Miner turned AI host |
| Headquarters | New York, NY |
| AI status | Announced, no tenant |
| Listing | NASDAQ: KEEL |
| Website | keelinfra.com |
Financings (1)
| Date | Amount | Type | Lenders | Pricing | Source |
|---|---|---|---|---|---|
| Apr 2, 2025 | $300M | Construction loan | Macquarie | 8.0% | GlobeNewswire via Seeking Alpha |
Other financings
| Date | Amount | Type | Lender | Detail | Source |
|---|---|---|---|---|---|
| Jun 2022 | $37M | Equipment loan | NYDIG | $37M equipment financing at 12%, secured by miners at Leger and Bunker | Equipment Finance Advisor |
| Jun 2022 | $100M | Bitcoin-backed credit | Galaxy Digital | $100M bitcoin-backed facility, cut to $66M | CoinDesk |
| Feb 2022 | $32M | Equipment loan | BlockFi | $32M equipment loan at 14.5% | CoinDesk |
| Aug 2021 | $40M | Capital lease | WhiteHawk Capital (to Stronghold, acquired by Bitfarms) | $40M capital lease on mining equipment | Business Wire |
Sites
| Site | Location | MW | Status |
|---|---|---|---|
| Panther CreekReady for service 2027 | Nesquehoning, PA | 350 MW | Planned AI/HPC |
| Sharon | Sharon, PA | 110 MW | Planned AI/HPC |
| Sherbrooke campusConsolidates three mining sites; conditional city approval | Sherbrooke, QC, Canada | 96 MW | Planned AI/HPC |
| WashingtonFirst HPC conversion, target Dec 2026 | WA | 18 MW | Planned AI/HPC |
MW as reported: some figures are gross power, some critical IT. Sources: DCD, Keel, Decrypt, Crypto Briefing, Equipment Finance Advisor, CoinDesk, Business Wire.
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