Keel completes the shutdown of its U.S. Bitcoin mining operations as it shifts strategy toward artificial intelligence and high-performance computing infrastructure. The company is winding down mining activity in the United States rather than continuing operations.
The outlets describe the move as part of a broader trend among Bitcoin miners to reduce or exit mining and reallocate resources. Cointelegraph reports that Keel’s Q2 revenue falls by 50%, framing the shutdown as occurring amid weaker financial performance. The Block characterizes the change primarily as an ongoing pivot, saying Keel aims to become a supplier of AI infrastructure rather than a mining operator.
Across the coverage, there is agreement that Keel’s U.S. mining operations are fully shut down and that the company is redirecting toward AI-related computing capabilities. Differences focus on emphasis: one source highlights the reported revenue decline, while the other stresses the strategic pivot to AI infrastructure.
