Keel, Hive Shares Jump as Companies Continue Shift From Bitcoin Mining to AI
By Logan Hitchcock
Published on April 22, 2026.
Shares in publicly traded Bitcoin miners Keel Infrastructure (KEEL) and Hive Digital Technologies have surged following new announcements about the companies' AI plans. Keel, formerly known as Bitfarms, closed on the sale of its mining site in Paraguay for $13 million, while Hive, meanwhile, closed a $115 million private offering of convertible notes. The sale leaves Keel with no remaining non-core assets to manage or divest, and will be immediately allocated to its HPC/AI pipeline development. The companies have been actively expanding their AI businesses in the past six months, with a deal with computer maker Dell to assist its AI expansion.
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