According to Decrypt, Keel Infrastructure (formerly Bitfarms) reported a Q1 net loss of $145 million on May 12, with revenue declining 23% year-over-year to $37 million and operating losses expanding to $98 million. The company has completed its transformation from a Canadian Bitcoin mining operator to a U.S. AI and high-performance computing (HPC) infrastructure developer, exiting Latin American operations through asset sales. As of May 8, Keel held approximately $533 million in liquidity, comprising $336 million in unrestricted cash and $197 million in unencumbered Bitcoin, supporting development of priority projects in Pennsylvania and Washington. Keel shares rose over 9% to $4.34 on the day.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Falls Below $81,000 to $80,965.50, Down 0.72% in 24 Hours
According to ChainCatcher, Bitcoin (BTC) fell below $81,000 to $80,965.50 today, down 0.72% in 24 hours, based on Gate spot data.
GateNews23m ago
BTC drops below 81,000 USDT
Gate News bot message: Gate market data shows BTC has fallen below 81,000 USDT; the current price is 80,946.9 USDT.
CryptoRadar26m ago
The CLARITY Act enters Senate committee review this week, with 2.9 million advocates pressuring lawmakers to vote
According to Bitcoin.com News on May 11, the digital asset advocacy group Stand With Crypto (SWC) announced that it will conduct a record-based scoring of lawmakers regarding the U.S. Senate Banking Committee’s scheduled vote on HR3633, the “2025 Digital Asset Market Transparency Act” (the CLARITY Act), on May 14; SWC said it represents more than 2.9 million U.S. advocates. Stand With Crypto Advocacy Actions and Lawmaker Rating Program According to Bitcoin.com News, in a May 11, 2026 statement,
MarketWhisper27m ago
MicroStrategy continues to add more Bitcoin; Saylor is allegedly going aggressive to buy and sell BTC
Bitcoin reserve strategy pioneer MicroStrategy (originally MicroStrategy) announced it has bought 535 BTC, worth approximately $43 million, bringing its total holdings to 818,869 BTC. At the previous earnings call, founder Michael Saylor for the first time hinted that the company could sell BTC. In a recent interview, he proposed a “sell 1, buy 10 to 20” Bitcoin accumulation framework, positively addressing market concerns. Strategy (MSTR) shares have rebounded more than 80% from their bottom. L
ChainNewsAbmedia48m ago
Ray Dalio: Bitcoin Failed to Meet Safe-Haven Asset Expectations on May 12
According to Cointelegraph, on May 12, Ray Dalio, founder of Bridgewater Associates, stated that Bitcoin has failed to meet expectations as a safe-haven asset. Dalio cited Bitcoin's lack of privacy, high correlation with technology stocks, and market size significantly smaller than gold as key
GateNews1h ago
Marathon Digital Reports $1.3B Net Loss in Q1, Sells $1.1B Bitcoin to Repay Debt
According to Marathon Digital's Q1 2026 earnings report, the bitcoin miner posted a net loss of $1.3 billion, with revenue declining 18% year-over-year to $174.6 million. The loss was primarily driven by unrealized losses on 38,689 BTC held on the company's balance sheet. During the quarter, Maratho
GateNews1h ago
