Keel Infrastructure Posts Q2 Loss Amid Revenue Decline

Keel Infrastructure reported its second-quarter results for 2026, showing revenue of $30.4 million and an operating loss of $140.8 million for the three months ended June 30.

The company also recorded a net loss of $64.995 million and had Adjusted EBITDA from continuing operations of negative $23.7 million.

Keel highlighted its liquidity, with approximately $819 million in total liquidity as of August 7, including $698 million in unrestricted cash and $121 million in unencumbered Bitcoin.

The company's revenue was down 50% year-over-year, while the operating loss more than doubled compared to Q2 2025.