Closing all US Bitcoin mining operations, Keel pivots to AI data centers and sells 1,085 BTC

Odaily News: Keel Infrastructure Corp. (formerly Bitfarms) announced in its Q2 earnings report that it has shut down all of its US Bitcoin mining operations and is preparing to convert its mining sites into AI and high-performance computing data centers. Between April 1 and August 7, the company sold 1,085 BTC, generating $75 million, and currently holds 1,861 BTC. Keel's CEO stated that electricity is the limiting factor. The company's three priority sites are close to obtaining full permits, and multiple potential tenants are in discussions. The company has $819 million in liquidity and unused power capacity through 2027.