Keel Infrastructure Shuts US Bitcoin Mining Sites In Shift Toward AI Data Centers
Keel Infrastructure has decommissioned all of its US Bitcoin mining sites as it repurposes those locations for AI and high-performance computing workloads.
The company, formerly Bitfarms, disclosed the shift in its August 2026 Form 10-Q. It reported a $65 million net loss and $819 million in total liquidity, while still holding $121 million in Bitcoin reserves.
That last point matters.
Keel is not exiting crypto entirely. It still operates mining sites in Canada and still holds Bitcoin. But in the United States, the company is moving away from mining and toward AI-focused infrastructure.
That makes Keel another example of a broader mining-sector pivot: power assets are becoming valuable beyond Bitcoin.
For more details, visit the official Sec platform.
TL;DR
- Keel decommissioned all US Bitcoin mining sites.
- The company is repurposing those sites for AI/HPC workloads.
- Keel still operates mining sites in Canada and holds Bitcoin reserves.
Why Miners Are Looking At AI
Bitcoin miners have something AI companies desperately need: power.
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