Every material Form 8-K Keel Infrastructure Corp. has filed with the SEC since July 06, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Keel Infrastructure reported third-quarter 2026 results with revenue of $28 million, down from $68 million a year earlier, as it stopped U.S. Bitcoin mining to focus on HPC/AI data centers. Loss from continuing operations widened to $62 million, or $0.10 per share, from $11 million, or $0.02 per share, mainly due to a $55 million non-cash unrealized loss on capped calls, and Adjusted EBITDA was negative $27 million versus $19 million a year earlier.
Q3 2026 revenue was $28 million, down from $68 million in Q3 2025; the company cited the cessation of U.S. Bitcoin mining in Q2 2026 and lower average Bitcoin prices.
Loss from continuing operations was $62 million, or $0.10 per share, compared with $11 million, or $0.02 per share, in Q3 2025.
Operating loss narrowed to $8 million from $18 million, while general and administrative expenses rose to $34 million from $17 million.
As of November 4, 2026, unrestricted cash liquidity was approximately $780 million; the company sold 2,520 Bitcoin for $192 million during the quarter.
Keel Infrastructure reported second-quarter 2026 results with revenue of $30 million, down 50% from a year earlier, as Bitcoin prices fell and its Moses Lake mining operations shut down in April. The company swung to a loss from continuing operations of $64 million, or $0.11 per share, compared with income of $13 million, or $0.02 per share, in the second quarter of 2025. Shareholders face a weaker operating picture, though the company reported liquidity of $819 million as of August 7, 2026, after raising $458 million through a convertible note offering during the quarter.
Revenue of $30 million in Q2 2026, down 50% year over year
Loss from continuing operations of $64 million, or $0.11 per share, vs. income of $13 million, or $0.02 per share, in Q2 2025
Adjusted EBITDA was negative $24 million, compared with $7 million in Q2 2025
Liquidity of approximately $819 million as of August 7, 2026, after a $458 million convertible note offering in the quarter
Keel Infrastructure Corp. named Ganesh Aiyer, formerly Chief Business Officer at Digital Realty Trust, as President effective July 6, 2026, reporting to CEO Ben Gagnon. He will lead commercial and pipeline expansion activities, and the filing sets out a $500,000 base salary, a 100% target bonus, and a $1.5 million restricted stock unit grant.
Appointed as President effective July 6, 2026; reports directly to CEO Ben Gagnon
Annual base salary of $500,000 with a target bonus of 100% of base salary
One-time grant of 100,000 stock options and restricted stock units valued at $1.5 million, subject to Board approval around July 9, 2026
Severance of 12 months' base salary, rising to a maximum of 18 months; 24 months if terminated in connection with a change of control
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Keel Infrastructure Corp. filing is on SEC EDGAR ↗. 8-K briefs of other companies →