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Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%
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Cointelegraph.com News
Keel completed the shutdown of its US Bitcoin mining operations as it pivots toward AI and high-performance computing infrastructureKeel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter report published on Monday.
The digital infrastructure company reported $30 million in revenue, down 50% year-on-year.
The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026.
Multiple Bitcoin miners have expanded into AI infrastructure, but Keel is among the few to fully exit US Bitcoin mining as it shifts toward HPC.
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