Keel shutters all US bitcoin mining operations amid continuing AI pivot
60-second summary
Keel is shutting down its US bitcoin mining operations, joining a growing trend of miners pivoting to AI infrastructure. This decision marks a significant shift in the company's strategy, with a focus on supplying AI equipment. The move is part of a broader industry trend, driven by increasing competition and declining profitability in the bitcoin mining space.
Like many other Bitcoin miners, Keel has been shifting its focus from mining in favor of becoming a supplier of AI infrastructure.