Bitfarms reports $145M loss, rebrands to Keel

Bitcoin miner Bitfarms has announced a significant net loss of $145 million for the first quarter. This financial downturn coincides with the company's strategic rebranding to 'Keel' and a pivot towards artificial intelligence initiatives. The transition aims to diversify its business model beyond traditional cryptocurrency mining, signaling a shift in focus for the company's future operations and investments.