Earnings ·
Keel Infrastructure Corp. reported financial results for the quarter ended June 30, 2026, announcing a loss from…
BITFKeel Infrastructure Corp.
Keel Infrastructure Corp. reported financial results for the quarter ended June 30, 2026, announcing a loss from continuing operations of $64 million, or $0.11 per share, compared to income of $13 million in the prior year period. Revenue declined 50% year-over-year to $30 million due to the shutdown of U.S. Bitcoin mining operations and lower average Bitcoin prices. The company raised $458 million via a convertible note offering during the quarter, bringing total liquidity to approximately $819 million as of August 7, 2026. Strategic highlights include appointing Ganesh Aiyer as President, securing zoning approvals for Panther Creek and Sharon sites, and completing the decommissioning of U.S. Bitcoin mining assets in preparation for high-performance computing construction. Keel Infrastructure Corp. is a North American digital infrastructure and energy company that develops data centers and energy infrastructure for high-performance computing workloads.