Keel Infrastructure Q3 2026 net loss widens 62% to USD 62.71 million; revenue falls 59% to USD 27.6 million
KEEL•KEEL•KEEL•KEEL•Keel Infrastructure's Q3 2026 net loss widened 62% year over year to USD 62.71 million, while revenue fell 59% to USD 27.6 million, largely due to ending U.S. Bitcoin mining and lower average Bitcoin prices. The company reported approximately USD 780 million in unrestricted cash at November 4 and said Moses Lake construction began in September, with HPC revenue expected in 2027.
Keel Infrastructure's Q3 2026 net loss widened 62% year over year to USD 62.71 million, and revenue fell 59% to USD 27.6 million. The revenue decline was largely due to ending U.S. Bitcoin mining and lower average Bitcoin prices. Construction began at Moses Lake in September 2026, with the site expected to generate HPC revenue in 2027. Management reported approximately USD 780 million in unrestricted cash at November 4 and no current financing need before signing a lease.
