Keel Infrastructure Q2 FY26 loss from continuing operations widens to $64 million; revenue drops 50% to $30 million

KEEL•2026-08-10

Keel Infrastructure posted Q2 revenue of USD 30 million, down 50% year over year.
Operating results swung to a USD 141 million loss from operating income, including USD 84 million of non-cash depreciation.
Loss from continuing operations widened to USD 64 million, or USD 0.11 per share.
Non-GAAP adjusted EBITDA fell to negative USD 24 million from positive USD 7 million.
Liquidity totaled about USD 819 million, including about USD 698 million cash and USD 121 million in unencumbered Bitcoin; raised USD 458 million via a convertible note offering.

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