Keel Infrastructure Ends U.S. Bitcoin Mining, Sells $75 Million in BTC

Keel Infrastructure has ended Bitcoin mining at its U.S. facilities, with the properties now being repurposed as data centers serving artificial intelligence and high-performance computing workloads, the company said.

Second-quarter revenue dropped 50% year over year to $30.4 million, and the company reported a net loss of $65 million.

Between April 1 and Aug. 7, Keel raised about $75 million from the sale of 1,085 BTC, leaving it with 1,861 BTC.

The company reported total liquidity of $819 million.

Source: Keel Infrastructure