Keel Infrastructure is trading at $18.15, down -10.24%, after second-quarter revenue fell 50% year over year.
- Revenue was $30 million, reflecting lower Bitcoin prices and the Moses Lake shutdown.
- Operating loss widened to $141 million; continuing-operations losses reached $64 million, or $0.11 per share.
- Adjusted EBITDA fell to negative $24 million, intensifying concerns about the costly transition toward AI data centers.