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  • Securities Litigation (new) — Putative class action alleges violations of securities laws for statements made March 2023 through December 2024, covering business operations and internal controls.
NASDAQ: KEEL Keel Infrastructure Corp. 10-Q

Keel (ex-Bitfarms) exits U.S. Bitcoin mining, pivots to HPC/AI; Q2 loss widens to $65M

Filed August 10, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

  • high

    Company ceased all U.S. Bitcoin mining operations June 29, 2026, transitioning sites to HPC/AI data centers. Canadian Bitcoin mining continues. Cessation triggered $63M in accelerated depreciation charges in Q2 2026.

    MD&A: Strategic Pivot; Notes: Accelerated Depreciation verify on EDGAR →
  • high

    Q2 2026 net loss widened to $65.0M from $5.5M prior year, as revenue fell 50% to $30.4M.

    MD&A: Q2 2026 Financial Results verify on EDGAR →
  • high

    Raised $458M via 1.25% convertible notes due 2032 in June 2026 (net $444.5M after fees). Capped call hedges generated $77M gain in Q2 2026 on rising share price.

    MD&A: Convertible Notes; Notes: Capped Calls verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Aug 18, 2026 · How we verify