The Bitcoin Credit Stack
rates are percent a year, continuously compounded · figures as of 2026-10-17 · read 2026-10-17 15:39 UTC
Market › Corporate › Member companies › Keel Infrastructure Corp. (formerly Bitfarms Ltd.)

Keel Infrastructure Corp. (formerly Bitfarms Ltd.)

A member company of the corporate class, not a venue: none of its securities is registered here as an instrument. Its debt is in the class's figures, read line by line from its balance sheet. Venues and member companies →

Debt attributed to its bitcoin

Bitcoin held2,261 BTC as of 2026-06-30
Total assets, as filed1,415,766,000 USD as of 2026-06-30
SEC EDGAR accession 0001812477-26-000023 (10-Q)
Bitcoin on the balance sheet$132m, at fair value
Total assets today$1.47bn (filed total assets, less the bitcoin as carried, plus the bitcoin at today's price)
Unencumbered share12.5%
Filed debt, by security
$1.05bn unsecured
$3.7m security not stated
Attributed to bitcoin$131m – $132m
Attributed debt to bitcoin held71.28%
Debt lineSecurityPrincipalAs ofCountedAttributed
1.375% Convertible Senior Notes due 2031 ('2025 Convertible Notes', issuer Bitfarms Ltd., Keel co-obligor)
0001812477-26-000023
unsecured588,000,000 USD2026-06-30at 12.5%$73.8m
1.250% Convertible Senior Notes due 2032 ('2026 Convertible Notes')
0001812477-26-000023
unsecured458,000,000 USD2026-06-30at 12.5%$57.5m
Building financing
0001812477-26-000023
security not stated1,679,000 USD2026-06-300 to 12.5% (the range)—
Equipment financing
0001812477-26-000023
security not stated2,058,000 USD2026-06-300 to 12.5% (the range)—

In the order the dataset carries them, not ranked. How the class adds them up →

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REST
GET https://api.bitcoincreditstack.com/v1/market/issuers/keel_infrastructure
MCP
get_corporate_instruments()

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