Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%
60-second summary
Keel is shutting down its US Bitcoin mining operations, a move that follows a 50% decline in Q2 revenue. This strategic shift allows the company to focus on AI and high-performance computing infrastructure, a pivot that leverages its existing expertise and resources. The market implications are significant, as Keel joins a growing list of miners exiting the space.
Keel completed the shutdown of its US Bitcoin mining operations as it pivots toward AI and high-performance computing infrastructure