Keel Infrastructure Posts $145M Loss, Shares Surge

Keel Infrastructure, formerly Bitfarms, released its Q1 2026 earnings, reporting a net loss of $145 million and a 23% revenue drop to $37 million. Operating losses surged to $98 million from $35 million the previous year. Despite the red ink, Keel shares surged 9% to $4.34, and the company maintains solid liquidity of $533 million, including $336 million in cash and $197 million in Bitcoin. Keel is expanding its 2.2 GW pipeline in Pennsylvania and Washington, aiming to secure lease deals in high-demand power markets, setting the stage for its AI pivot. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a584b72f168bcc97