Keel Infrastructure has announced the complete shutdown of its US Bitcoin mining operations to pivot toward high-performance computing infrastructure and artificial intelligence. The company reported $30 million in second-quarter revenue, down 50% year-on-year. It posted an operating loss of $141 million, compared with operating income of $11 million in the same period last year, including $84 million in non-cash depreciation. Since April 1, Keel sold 1,085 BTC for $75 million and held 1,861 BTC as of August 30. The company has approximately $819 million in liquidity, including $698 million in unrestricted cash.
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