Keel Infrastructure Corp. reported a net loss from continuing operations of $62 million, or $0.10 per basic and diluted share, for the quarter ended September 30, 2026, compared to an $11 million loss in the prior-year period. Revenue fell 59% to $28 million due to the cessation of U.S. Bitcoin mining operations and lower average Bitcoin prices. The company sold its entire Bitcoin treasury for $192 million during the quarter. Adjusted EBITDA turned negative at $27 million, down from $19 million in Q3 2025. Construction commenced at the Moses Lake site, while permitting advanced at Sharon and Panther Creek sites. Keel Infrastructure Corp. is a North American digital infrastructure and energy company that develops data centers for high-performance computing workloads.
