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keel chain - Keel Infrastructure Reports 23% Revenue Drop in Q1 2026, Faces $98M Operating Loss
Keel Infrastructure, a Nasdaq-listed Bitcoin mining company, announced a 23% decline in revenue for Q1 2026, totaling $37 million. The company reported an operating loss of $98 million and a net loss from continuing operations of $128 million, equating to a $0.21 loss per share. Adjusted EBITDA was negative $17 million, or -45% of revenue, a significant drop from $7 million (14% of revenue) in the same period last year.Despite the financial setbacks, Keel Infrastructure maintains a total liquidity of approximately $533 million as of May 8, 2026. This includes $336 million in cash and $197 million in unpledged Bitcoin, which the company states is sufficient to fund key projects such as Panther Creek, Sharon, and Moses Lake through lease execution and the start of construction at Moses Lake, as well as cover management expenses through 2028.
This detailed match analysis covers key moments, player performances, and tactical insights.
?? Key Statistics
Possession: 55% - 45%
Shots on target: 6 - 3
Pass accuracy: 88% - 82%
Corners: 5 - 2
?? Player Ratings
- Home MVP: John Doe (9.2)
- Away MVP: James Smith (8.7)
??? Post-Match Analysis
The manager praised the team's resilience after coming from behind. "We showed great character," he said.
This win moves them to the top of the league table with 45 points.
Final whistle analysis: The tactical shift in the second half proved decisive.
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