KEEL — Bitfarms Ltd.

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates KEEL Bullish with a Setup Score of 52, net conviction 43, actionability 62. How the Setup Score works →

Total Setup Score52
Directional BiasBullish
Net Conviction43
Actionability62 (in range)

Key signals behind this score

About Bitfarms Ltd.

Keel Infrastructure Corp. operates digital and energy infrastructure with focus on high-performance computing (HPC) and artificial intelligence (AI) workloads in North America, Canada, and the United States. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$3.51
Market Cap$2.08B
Float589.9M
Shares Outstanding617.6M
P/E (Forward)84.03
Price/Sales (TTM)11.06
Profit Margin-230.59%
Operating Margin (TTM)-180.98%
Revenue (TTM)$188M
Dividend RateNone

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $34.7M -$16.3M $2.9M $1.5M
2021 $169M $22.1M $111M $70.5M
2022 $142M -$176M $10.5M -$106M
2023 $146M -$109M -$21.5M -$17.4M
2024 $193M -$54.1M -$32.4M $74.4M
2025 $229M -$285M -$18.9M $24.4M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $69.2M -$80.8M
Dec 2025 $15.4M -$139M
Mar 2026 $37.0M -$145M
Jun 2026 $30.4M -$65.0M

Ownership & Float

Insider Ownership4.6%
Institutional Ownership65.8%
Short Float17.6%
% of All Funds Holding3.25%
Number of Funds Holding286

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$4.17Near-term / short-term trend
Weekly40-Week SMA$3.39Medium-term trend
Weekly80-Week SMA$2.54Cyclical trend (business cycle)
Weekly200-Week SMA$2.03Secular trend (multi-year)
Monthly10-Month SMA$3.42Near-term monthly trend
Monthly20-Month SMA$2.49Medium-term monthly trend
Monthly40-Month SMA$2.21Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$1.40 support 2.64x 10 months ago

Historical Earnings Reactions (28 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.20% 0.00% 42.86% 6.16% -6.92%
1 Day -1.82% -1.15% 35.71% 7.49% -15.02%
1 Week -2.96% -2.33% 42.86% 11.11% -33.49%
2 Weeks 3.34% 0.67% 55.56% 84.16% -41.28%
1 Month 9.70% -9.33% 44.44% 249.83% -46.03%

Next earnings: October 29, 2026 (64 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan19.9%42.9%7
Feb8.5%42.9%7
Mar-12.0%28.6%7
Apr13.4%71.4%7
May6.4%42.9%7
Jun-5.7%42.9%7
Jul15.0%85.7%7
Aug-1.3%33.3%6
Sep-3.8%14.3%7
Oct11.8%42.9%7
Nov14.6%57.1%7
Dec22.8%28.6%7

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.55% 41.1% 331
Tuesday 0.45% 42.5% 365
Wednesday 0.78% 45.7% 361
Thursday -0.46% 36.4% 354
Friday 0.49% 42.9% 352

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 65.8%

Insider Transactions — Smart Summary

Total insider ownership: 4.6%

12-Month Insider Activity Summary

Total Filings4
Net Value+$525,657.49
Net Shares Change155,017
% of Float0.0%
C-Suite Filings4
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
Gagnon Benjamin Chief Executive Officer +$325,594.08 2 2 buy
WILSON LIAM DANIEL Chief Operating Officer +$200,063.41 2 2 buy

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-08-20 WILSON LIAM DANIEL Chief Operating Officer +$99,999.25 Transaction at $3.25, now +8.0%
2026-08-17 WILSON LIAM DANIEL Chief Operating Officer +$100,064.16 Transaction at $3.78, now -7.1%
2026-08-21 Gagnon Benjamin Chief Executive Officer +$129,497.04 Transaction at $3.33, now +5.4%
2026-08-14 Gagnon Benjamin Chief Executive Officer +$196,097.04 Transaction at $3.33, now +5.4%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Bitfarms Ltd. (KEEL) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for KEEL on Trend Edge →