Keel Exits U.S. Crypto Mining, Reports $65M Loss Amid AI Infrastructure Shift

TLDR: Keel decommissioned all U.S. Bitcoin mining sites, completing its shift to AI and HPC infrastructure. Q2 revenue fell 50% year over year to $30.4M, with the company posting a $65M net loss overall. Keel sold 1,085 BTC for $75M since April, leaving 1,861 BTC in its remaining treasury reserves. Total liquidity reached $819M, supporting [...]

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