Keel Infrastructure (NASDAQ:KEEL) Announces Quarterly Earnings Results

Keel Infrastructure (NASDAQ:KEEL) released its quarterly earnings results on Monday. The company reported ($0.11) EPS for the quarter, FiscalAI reports. Keel Infrastructure had a negative net margin of 171.23% and a negative return on equity of 32.10%. The business had revenue of $30.43 million during the quarter. During the same period last year, the business posted ($0.05) EPS.

Keel Infrastructure Price Performance

Shares of KEEL opened at $3.40 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 9.43 and a current ratio of 9.60. Keel Infrastructure has a 12 month low of $1.17 and a 12 month high of $7.37. The stock’s 50-day moving average is $4.96. The firm has a market capitalization of $2.10 billion, a PE ratio of -24.29 and a beta of 4.14.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KEEL. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research note on Monday. Chardan Capital reissued a “buy” rating and set a $5.50 price objective on shares of Keel Infrastructure in a report on Monday, June 8th. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, HC Wainwright boosted their price target on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Keel Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Keel Infrastructure stock. Bank of New York Mellon Corp acquired a new position in shares of Keel Infrastructure (NASDAQ:KEEL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,740,330 shares of the company’s stock, valued at approximately $9,989,000. Bank of New York Mellon Corp owned 0.28% of Keel Infrastructure as of its most recent SEC filing. Institutional investors own 20.59% of the company’s stock.

More Keel Infrastructure News

Here are the key news stories impacting Keel Infrastructure this week:

• Positive Sentiment: Keel reported approximately $819 million in liquidity as of August 7, including $698 million in unrestricted cash and $121 million in unencumbered Bitcoin. The company also raised $458 million through a convertible-note offering, providing capital for its infrastructure buildout. Keel Infrastructure Q2 revenue falls 50% to $30 million
• Positive Sentiment: The company completed the shutdown of its U.S. Bitcoin mining operations and is reallocating resources toward HPC and AI data-center development. Management said site development remains on track and that it is negotiating with potential customers at three sites. Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%
• Positive Sentiment: Keel is targeting a 96-megawatt expansion at its Sherbrooke site and expects its first fully commissioned Moses Lake data center in 2027, offering a potential longer-term growth catalyst if permits and customer agreements are secured. Keel expects first fully commissioned Moses Lake data center in 2027
• Neutral Sentiment: KBW said the three-site AI buildout remains dependent on permits and tenant discussions. This leaves the potential revenue opportunity intact, but the timing and eventual scale remain uncertain. KEEL’s three-site AI buildout remains gated by permits and tenant talks
• Negative Sentiment: Second-quarter revenue fell 50% year over year to $30.43 million, primarily because of lower Bitcoin prices and the April shutdown of the Moses Lake mining operation. Keel Infrastructure Q2 Earnings Miss Estimates
• Negative Sentiment: Keel posted a $65 million net loss, or $0.11 per share, missing expectations. Its $140.8 million operating loss included $84.1 million of depreciation and amortization, while adjusted EBITDA declined to negative $23.7 million from positive $6.6 million a year earlier. Keel Infrastructure Reports Second Quarter 2026 Results
• Negative Sentiment: The Bitcoin wind-down is reducing near-term operating revenue, and Keel sold 1,085 Bitcoin for $75 million between April 1 and August 7. Investors may remain concerned about cash burn, execution risk and the time required for the AI/HPC strategy to replace mining revenue. Why Keel Infrastructure Stock Dived

Keel Infrastructure Company Profile

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.