HIVE, Keel push deeper into AI data centers with capital raise, asset sale
Analysis
Price Impact
MedThe news focuses on hive and keel shifting from bitcoin mining to ai infrastructure. while this indicates a potential decrease in demand for bitcoin mining specific hardware and operations, the capital raised and asset sale could indirectly benefit the broader crypto market by supporting companies that utilize blockchain technology for other purposes, like ai data centers. the direct impact on btc price is moderate, as it signifies a diversification within the crypto-related industry rather than a direct attack on bitcoin's core value proposition.
Trustworthiness
HighPrice Direction
NeutralThe news suggests a strategic shift away from pure bitcoin mining for these specific companies. while this might imply less capital flowing directly into bitcoin mining operations, the funds raised and reallocated could flow into other areas of the crypto ecosystem, potentially leading to a neutral or mixed impact on btc price in the short to medium term. the news doesn't indicate a direct sell-off or buying pressure on btc itself.
Time Effect
LongThe long-term effect could be significant as it highlights a broader trend of companies diversifying their operations within the crypto and tech space. if ai data centers become a major driver of demand for gpus and other hardware, it could shift the focus and investment away from traditional bitcoin mining over an extended period. this trend could influence the future demand for specialized mining hardware and potentially impact the network's hash rate dynamics.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email HIVE, Keel push deeper into AI data centers with capital raise, asset sale HIVE raises $115M to expand data centers while Keel exits Latin America, redirecting funds into HPC and AI as both stocks climb 4%. By James Van Straten | Edited by Jamie Crawley Apr 22, 2026, 2:15 p.m. Make preferred on Mining Mark Agnor/Shutterstock What to know : HIVE Digital secured $115 million via a zero interest convertible note to scale Tier III data centers and GPU capacity for AI and high performance computing workloads. Keel Infrastructure sold its Paraguay site for $13 million, completing its exit from Latin America and reallocating capital into its North America focused AI and HPC pipeline. Mining firms HIVE Digital (HIVE) and Keel Infrastructure (KEEL) are doubling down on artificial intelligence (AI) infrastructure, which continues the theme of a broader shift across the sector away from bitcoin BTC $ 78,983.22 mining exclusively. HIVE raised $115 million through a zero interest convertible note offering, with proceeds earmarked for expanding its global data center footprint and GPU capacity, according to an announcement on Wednesday . The company has increasingly leaned into Tier III data centers across Canada, Sweden and Paraguay, positioning them for both bitcoin mining, AI and high-performance computing (HPC) workloads. The capital raise, paired with capped call protection to limit dilution, is aimed at accelerating that buildout. Keel, meanwhile, is funding its transition by shrinking. The company completed the sale of its 70 MW Paraguay site for roughly $13 million, below initial expectations, citing deteriorating bitcoin mining economics. The move finalizes its exit from Latin America and follows its recent rebrand from Bitfarms to Keel Infrastructure. “This is a clean exit from Latin America,” CEO Ben Gagnon said. “We are focused and committed to building the infrastructure backbone to support the AI economy in North America.” Gagnon added that the proceeds effectively bring forward “two to three years” of expected cash flow, which will now be redeployed into Keel’s HPC and AI pipeline. Shares of both companies have risen roughly 7%, following the announcements. Artificial Intelligence Bitcoin Mining More For You Bitcoin tests $78,000 resistance as short-squeeze risks mount, altcoins rally By Oliver Knight , Omkar Godbole | Edited by Sheldon Reback 3 hours ago BTC hovers at key $78,000 level with $180 million liquidations at stake, while altcoins and memecoins surge as risk-on sentiment returns. What to know : Bitcoin is battling the $78,000 level of resistance with $180 million in short liquidations above and $71 million in longs at risk below $77,300. Broader risk sentiment improved after Trump extended the Iran ceasefire, lifting equities and supporting crypto markets. Altcoins outperformed with memecoins leading gains, while Aave lending demand... Read full story Latest Crypto News Tax-free bitcoin is back: How UK investors can avoid paying duty on crypto investments once more 5 minutes ago CoinDesk 20 performance update: Aptos (APT) rises 5.5%, leading index higher 1 hour ago Kraken filed 56 million crypto tax forms for 2025. One-third were below $1 1 hour ago Lazarus Group has become especially dangerous with new Mach-O Man attack: CertiK 1 hour ago The signal bitcoin momentum traders have been waiting for is here 2 hours ago Bitcoin tests $78,000 resistance as short-squeeze risks mount, altcoins rally 3 hours ago Top Stories Tron's Justin Sun sues Trump-linked World Liberty Financial over frozen assets 8 hours ago Another DeFi protocol loses millions in hack days after KelpDAO breach 6 hours ago A make or break moment: why $79,200 could act as a launchpad or a ceiling for bitcoin 5 hours ago Traders don’t see Kelp socializing losses after $292 million exploit 4 hours ago Flight to safety: How Maker’s Spark and USDC are winning the $10 billion Aave breakup 4 hours ago Bitcoin's 'Coinbase premium' just posted its longest bullish streak since October's record high of $126,000 7 hours ago In this article BTC BTC $ 78,983.22 ◢ 4.35 %