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The AI boom just stole another miner.
Bitcoin mining? Keel says: I'm out.
Q2 revenue hit USD 30.43 million, down 50% year-over-year.
Net loss? USD 65 million.
Since April, Keel has fully stopped Bitcoin mining in the US.
Sold 1,085 BTC for around USD 75 million.
Now it's all-in on HPC.
About 2.2 GW of electricity capacity in the pipeline.
The pivot is complete: Bitcoin miner, meet HPC data center.
Another one bites the dust.
#BrainrotCrypto #DigitalSchizophrenia
Bitcoin mining? Keel says: I'm out.
Q2 revenue hit USD 30.43 million, down 50% year-over-year.
Net loss? USD 65 million.
Since April, Keel has fully stopped Bitcoin mining in the US.
Sold 1,085 BTC for around USD 75 million.
Now it's all-in on HPC.
About 2.2 GW of electricity capacity in the pipeline.
The pivot is complete: Bitcoin miner, meet HPC data center.
Another one bites the dust.
#BrainrotCrypto #DigitalSchizophrenia
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