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Keel Shuts Down US Mining Ops Amid AI Pivot

Guavy AI Editorial Team
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BTC
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Keel Infrastructure Corp., formerly Bitfarms, has shut down all its US bitcoin mining operations as it prepares to transition into artificial intelligence and high-performance computing data centers.

The company sold a large portion of its Bitcoin holdings, raking in $75 million from the sale of 1,085 BTC, leaving it with 1,861 BTC on its balance sheet.

This move is part of Keel's shift towards providing high-performance computing and AI infrastructure, a pivot seen among many other bitcoin miners due to changing market conditions.

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