{"id":641682,"date":"2026-08-11T09:52:49","date_gmt":"2026-08-11T09:52:49","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/08\/11\/keel-shuts-us-bitcoin-mining-operations-as-q2-revenue-falls-50\/"},"modified":"2026-08-11T09:52:49","modified_gmt":"2026-08-11T09:52:49","slug":"keel-shuts-us-bitcoin-mining-operations-as-q2-revenue-falls-50","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/08\/11\/keel-shuts-us-bitcoin-mining-operations-as-q2-revenue-falls-50\/","title":{"rendered":"Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-is-cryptocurrency-mining-still-profitable-in-2025.jpg\" alt=\"Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%\" class=\"type:primaryImage\" \/><\/p>\n<p>Keel completed the shutdown of its US Bitcoin mining operations as it pivots toward AI and high-performance computing infrastructure<\/p>\n<p>Keel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter <a href=\"https:\/\/ir.keelinfra.com\/node\/12451\/pdf\">report<\/a> published on Monday.<\/p>\n<p>The digital infrastructure company reported $30 million in revenue, down 50% year-on-year. The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026.\u00a0<\/p>\n<p>The company also reported a $141 million operating loss, compared with operating income of $11 million in the same period last year. The loss included $84 million in non-cash depreciation.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/keel-shuts-bitcoin-mining-ai-pivot-revenue-falls\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Keel completed the shutdown of its US Bitcoin mining operations as it pivots toward AI and high-performance computing infrastructure Keel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter report published on Monday. The digital infrastructure company reported $30 million in revenue, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":641683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-641682","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/641682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=641682"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/641682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/641683"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=641682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=641682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=641682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}