Former bitcoin miner Bitfarms reports $145 million Q1 net loss amid Keel rebrand, AI transition
Keel Infrastructure (formerly Bitfarms) reported a $145 million Q1 net loss while transitioning from bitcoin mining to AI infrastructure operations. The rebrand marks a strategic shift away from traditional crypto mining. The loss reflects restructuring costs amid the industry pivot toward artificial intelligence. This transition affects broader crypto mining sector confidence and signals accelerating moves toward AI-adjacent opportunities in digital asset infrastructure.
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Labor Unions Join Banking Industry in Opposition to Senate Crypto Bill, The Clarity Act
Major U.S. labor unions joined banks in opposing the Senate's CLARITY Act, warning crypto regulation could destabilize retirement accounts and worker savings. The AFL-CIO and four other unions argued the bill invites excessive risk-taking by crypto firms while exposing pensioners to digital asset volatility. Thursday's committee vote remains uncertain amid Democratic hesitation and stablecoin disputes between regulators and the industry.
