Keel Shuts All Bitcoin Mining With $819M Ready for AI Pivot

Keel Infrastructure shut all U.S. bitcoin mining operations to pivot toward AI and high-performance computing. The company holds $819 million in liquidity to fund the transition after selling 1,085 BTC and reporting a 50% revenue drop in Q2. Keel is converting its power-rich former mining sites for AI data center development, moving away from crypto mining entirely.