Keel Shuts US Bitcoin Mining Operations Amid Pivot to AI
Keel has completed the shutdown of its US Bitcoin mining operations as the company pivots toward artificial intelligence and high-performance computing infrastructure.
Keel has completed the shutdown of its United States Bitcoin mining operations, according to an announcement detailing the company's strategic pivot toward artificial intelligence and high-performance computing infrastructure. The wind-down of its digital asset mining footprint coincides with a 50% decline in revenue during the second quarter.
The restructuring reflects a broader trend among digital asset miners seeking alternative revenue streams through high-performance computing and AI hosting arrangements. Further financial details regarding the pivot and asset reallocations were not immediately disclosed.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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