Keel Halts Bitcoin Mining in the U.S., Shifts to High-Performance Computing Data Centers
By: rootdata|2026/08/11 00:34:27
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Keel has suspended all of its Bitcoin mining operations in the United States and redirected its website to high-performance computing data centers. The company recently sold part of its BTC reserves, with second-quarter revenue dropping 50% year-on-year to $30.4 million and a net loss of $65 million. Between April 1 and August 7, Keel sold approximately 1.085 BTC for about $7.5 million, retaining 1.861 BTC on its balance sheet, with liquidity at $819 million. This move marks a significant operational and financial adjustment for the company, focusing on high-performance computing rather than Bitcoin mining. While future goals were not detailed, the data indicates that the company is repositioning its assets and cash.
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