Hupzy (Spot On Chain)|Aug 10, 2026 16:00
โ ๏ธ Keel Infrastructure has decommissioned all US Bitcoin mining operations and sold ๐ญ,๐ฌ๐ด๐ฑ ๐๐ง๐ (~$75M) between April and August, retaining 1,861 BTC as it pivots sites to AI data centers. Q2 revenue fell 50% YoY to $30.4M with a $65M net loss.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A miner fully exiting BTC mining and liquidating over a thousand BTC is ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฎ๐น ๐๐ฒ๐น๐น๐ถ๐ป๐ด ๐ฝ๐ฟ๐ฒ๐๐๐๐ฟ๐ฒ, not routine treasury management. The AI pivot reflects the margin squeeze hitting miners at current difficulty and energy costs โ the same pattern driving MARA and Strategy to offload BTC. The 1,861 remaining BTC is ๐ผ๐๐ฒ๐ฟ๐ต๐ฎ๐ป๐ด ๐ฟ๐ถ๐๐ธ if the transition needs more capital.
https://ir.keelinfra.com/news-releases/news-release-details/keel-infrastructure-reports-second-quarter-2026-results
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