🔴 Keel Infrastructure is trading 3.8% down today after weak Q2 results and transition costs

Keel Infrastructure is trading 3.8% down now at $17.98 after weak Q2 results.

• August 10 Q2 update: revenue fell 50.8% year over year to $30 million; substantial transition costs followed U.S. Bitcoin-mining decommissioning.
• It is redirecting infrastructure to AI and high-performance computing data centers; shares fall despite broader risk-on sentiment following softer inflation data.
• Decline extends consecutive losses on August 10 and August 11; coverage notes the pivot and site-development progress; no separate August 13 announcement identified.