AI pivot accelerates as HIVE raises fresh capital and Keel reshapes portfolio
HIVE raised $115M for AI data centers, while Keel sold its Paraguay site to fund its AI infrastructure pivot.Summary
HIVE Digital and Keel Infrastructure are significantly expanding their focus on AI data centers. HIVE has raised $115 million through a zero-interest convertible note offering to grow its global data center footprint and GPU capacity, particularly in Tier III facilities in Canada, Sweden, and Paraguay, which will support both AI and high-performance computing (HPC) workloads alongside bitcoin mining. Keel Infrastructure, formerly Bitfarms, is exiting Latin America by selling its 70 MW Paraguay site for approximately $13 million due to declining bitcoin mining economics. The proceeds will be reinvested into Keel's HPC and AI infrastructure development in North America. Both companies have seen their stock prices rise following these strategic moves.
(Source：CoinDesk)