According to Techub News, Decrypt reports that Keel Infrastructure (formerly Bitfarms) released its Q1 2026 financial results, showing a net loss of $145 million and revenue declining 23% year-over-year to $37 million. The company has completed its strategic transformation from a Bitcoin miner to a US-based AI/high-performance computing infrastructure developer. As of May 8, the company had approximately $533 million in liquidity, including $336 million in cash and $197 million in Bitcoin reserves. Currently, the company is advancing three data center projects in Pennsylvania and Washington, with a total development capacity of 2.2 gigawatts.
Keel Infrastructure reported a first-quarter loss of $145 million.
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