FeesSafety
Pluang+

Keel ends all U.S. Bitcoin mining as revenue halves and losses hit $141M in pivot to AI data centers

Market News
11 Aug 2026, 13:12 WIB
Unchained
View Source
Bearish
Keel ends all U.S. Bitcoin mining as revenue halves and losses hit $141M in pivot to AI data centers

Keel Infrastructure, formerly Bitfarms, has completed shutting down all its U.S. Bitcoin mining operations, shifting focus to AI and high-performance computing data centers. This transition caused revenue to drop 50% year-over-year to $30 million and an operating loss of $141 million in Q2 2026. The company now has no active U.S. mining business or signed tenants, relying on lease negotiations for three key sites. With $819 million in liquidity, Keel is positioned to wait for tenant deals amid power constraints in key regions. The shift marks a major strategic pivot from cryptocurrency mining to data center development.

More News

KE Holdings to release Q3 2026 financial results on Nov 16 with a live earnings call.

KE Holdings to release Q3 2026 financial results on Nov 16 with a live earnings call.

KE Holdings Inc., a major online and offline housing platform in China, will announce its unaudited financial results for the third quarter of 2026 on November 16 before the U.S. market opens. The company will host an earnings conference call at 7:00...

Company Fundamentals
Neutral
15 minutes ago
JD.com to release Q3 2026 financial results on Nov 17 with a management call scheduled.

JD.com to release Q3 2026 financial results on Nov 17 with a management call scheduled.

JD.com announced it will publish its unaudited financial results for the third quarter of 2026 on November 17, before the U.S. market opens. The company's management will hold a conference call the same day to discuss the results, providing investors...

Company Fundamentals
Neutral
15 minutes ago
Dimensional Fund Advisors discloses 1.27% stake in Prologis Inc as of Nov 3, 2026

Dimensional Fund Advisors discloses 1.27% stake in Prologis Inc as of Nov 3, 2026

Dimensional Fund Advisors Ltd. filed a Form 8.3 disclosure revealing it holds a 1.27% stake in Prologis Inc as of November 3, 2026. This disclosure is part of regulatory requirements under the Takeover Code for investors holding 1% or more in relevan...

Market News
Neutral
20 minutes ago
Dimensional Fund Advisors discloses 1.78% stake in DCC Energy shares as of Nov 2026

Dimensional Fund Advisors discloses 1.78% stake in DCC Energy shares as of Nov 2026

Dimensional Fund Advisors Ltd. has disclosed an interest in 1,516,595 ordinary shares of DCC Energy plc, representing 1.78% of the company's shares as of November 3, 2026. The disclosure follows regulatory requirements under the Irish Takeover Panel ...

Market News
Neutral
23 minutes ago
Sampo Oyj cancels 37.8M treasury shares, reducing total shares by 1.42% without affecting share capital.

Sampo Oyj cancels 37.8M treasury shares, reducing total shares by 1.42% without affecting share capital.

Sampo Oyj has canceled 37,827,020 of its own A-shares as per the board's decision, with the cancellation registered today. These shares were acquired through a buyback program announced on May 6, 2026, and repurchased between May 7 and September 24, ...

Company Fundamentals
Neutral
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App