The company formerly known as Bitfarms just got the green light to build one of Quebec’s largest data centers. Keel Infrastructure Corp., which rebranded from Bitfarms on April 1, 2026, received conditional approval from the city of Sherbrooke on July 13 to consolidate three existing Bitcoin mining facilities into a single 96 MW AI and high-performance computing campus.

Three sites become one

The planned facility will merge three separate mining locations: Bunker (48 MW), Leger (30 MW), and Garlock (18 MW). Combined, they give the new campus its 96 MW capacity.

The consolidated site will span approximately 16,400 square meters.

Keel is building this entire project under a 2018 agreement with Hydro-Sherbrooke, the local utility. That means the company already has its power allocation locked in, and no additional megawatts will be requested.

The land acquisition for the campus is valued at approximately $2.2 million CAD, with the transaction expected to close in Q1 2027. The facility is anticipated to be ready for leasing around 2027, subject to further regulatory reviews beyond the city’s conditional approval.

From Bitfarms to Keel: the rebrand tells the story

The name change from Bitfarms to Keel Infrastructure, effective April 1, 2026, signals a strategic shift away from pure-play Bitcoin mining toward diversified digital infrastructure. The company now trades under the ticker KEEL.

Keel hasn’t abandoned Bitcoin mining entirely. The company still plans to maintain some mining operations. But the strategic emphasis has shifted toward AI and HPC infrastructure.

Keel’s ambitions extend well beyond Sherbrooke. The company has outlined a $1.8 billion initiative centered around a 2.2 GW pipeline of digital infrastructure projects. The Quebec campus represents an early, tangible step in that much larger buildout strategy.

What this means for investors

The Sherbrooke approval matters for specific reasons. Municipal approvals in Quebec for large-scale data centers are not guaranteed, particularly given the province’s sensitivity around electricity allocation. Getting conditional sign-off from Sherbrooke removes a meaningful hurdle.

The pre-existing Hydro-Sherbrooke agreement from 2018 is genuinely valuable. Across North America, securing new large-scale power allocations for data centers has become one of the biggest bottlenecks in the industry, with wait times for utility connections stretching years. Keel essentially gets to skip that line entirely, converting power it already has the right to use.

The approval is conditional, meaning additional regulatory reviews could introduce delays or modifications. The land transaction still needs to close in Q1 2027.