KEELKeel Infrastructure Corp.
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A mixed picture: the questions disagree
Quality shaky, a flag to check, the market undecided.
Bitfarms is a North American digital and energy infrastructure company that develops, owns, and plans to operate data centers and energy infrastructure for HPC and AI workloads. We currently maintain our legacy North American Bitcoin Mining operations to help fund our operations and development efforts. Bitfarms was founded in 2017 and is publicly traded on the Nasdaq and TSX under the ticker symbol “BITF”.
In the company’s own words · 10-K filed Mar 31, 2026 · SEC EDGAR
Charts
As reported to the SEC, without any scoring.
Keel Infrastructure Corp. (KEEL) reported revenue of $30M in Q2 2026 (quarter ended Jun 30, 2026), down 36% from the same quarter a year earlier. That came with a gross margin of −285% and net loss of $65M. For the full year FY2025, revenue was $229M (+72% year on year) and net income −$285M. Its largest product in Q2 2026 was Cryptocurrency Mining at $26M, 85% of the disclosed total, well ahead of Energy Sales at 7.8%. The next results filing is expected around Nov 9, 2026, a quarter after the last one.
What the company said
The company's own words from its current reports to the SEC, newest first
- Jul 6, 2026On July 5, 2026, Keel Infrastructure Corp. (the “Company”) appointed Ganesh Aiyer, age 55, as President, effective July 6, 2026. Mr. Aiyer will report directly to the Company’s Chief Executive Officer.Director or officer change · Form 8-K
- Jun 16, 2026Approval of the New Independent Registered Public Accounting Firm On June 11, 2026, the Audit Committee of the Board of Directors (the “Audit Committee”) of Keel Infrastructure Corp. (the “Company”) approved PricewaterhouseCoopers LLP (United States) (“PwC USA”) as the Company’s new independent registered public …Auditor change · Form 8-K
- Jun 10, 2026Indenture and Convertible Notes On June 9, 2026, Keel Infrastructure Corp. (the “Company”) issued $458,000,000 aggregate principal amount of its 1.250% Convertible Senior Notes due 2032 (the “Notes”)Material agreement entered · Form 8-K
Quoted from SEC EDGAR filings. A current report is filed within four business days of the event it describes.
Business segments
Q2 2026 · $30.4MThe company’s own SEC segment disclosure.
- Cryptocurrency Mining$25.9M85%
- Energy Sales$2.4M8%
- Electrical Services$2.0M7%
- Cryptocurrency Hosting$179.0K1%
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