Keel Infrastructure has decommissioned all of its U.S. bitcoin mining operations as it converts power-rich sites for AI and high-performance computing. The transition comes with weaker earnings and continued bitcoin sales, but the company says $819 million of liquidity gives it room to fund development. Key Takeaways Keel shut all U.S. bitcoin mining as Q2 revenue fell 50% to $30.4M during its AI pivot. Keel sold 1,085 BTC, leaving $819M in liquidity as miners chase higher AI infrastructure returns. Keel’s next test is signing AI tenants for 3 priority U.S. sites after its 18-month transition. Keel Sells 1,085 BTC as Revenue Falls 50% in Second Quarter Keel Infrastructure has completed the shutdown of its U.S. bitcoin mining operations, marking one of the clearest breaks yet from the industry that built its energy portfolio.
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