Keel Infrastructure, the company formerly known as Bitfarms, has secured city approval to merge three of its Bitcoin mining facilities in Sherbrooke, Québec, into a single 96 MW campus purpose-built for AI and high-performance computing workloads. The Sherbrooke City Council granted the green light on July 13, approving a land sale valued at roughly $2.2 million CAD that sets the stage for one of Québec's largest data center developments.

The three legacy mining sites being consolidated are The Bunker (48 MW), Leger (30 MW), and Garlock (18 MW), which together total 96 MW of power capacity. The new campus will span approximately 16,400 square meters and is expected to be lease-ready by 2027. A power agreement with Hydro-Sherbrooke, originally established in 2018 for the three mining sites, will underpin the transition. The land purchase is slated to close in Q1 2027, pending further regulatory review.

The move is the latest chapter in Keel's dramatic pivot away from Bitcoin mining. The company rebranded from Bitfarms and re-domiciled to the United States on April 1, 2026, with CEO Ben Gagnon declaring the firm was "no longer making any investments into Bitcoin mining." Keel now positions itself as a pure-play digital and energy infrastructure developer, targeting hyperscalers and next-generation cloud providers as tenants for its North American pipeline.

The Sherbrooke campus is part of a broader $1.8 billion infrastructure initiative across the continent. Keel claims a 2.2 GW development pipeline spanning sites in Pennsylvania, Québec, and Washington state, anchored by its flagship Panther Creek site in eastern Pennsylvania. The company trades on Nasdaq and the TSX under the ticker KEEL and finished Q1 2026 with $533 million in total liquidity, including roughly 2,500 Bitcoin that it intends to sell gradually to fund the AI transition.