Keel Shuts Down US Bitcoin Mining Operations

Bitcoin mining firm Keel has officially finished closing its United States based mining sites. This move follows a tough second quarter where the company saw its revenue drop by 50 percent.

The firm is now pivoting its business strategy toward artificial intelligence and high performance computing infrastructure. This transition represents a major change for the company as it moves out of the crypto mining space to pursue new technology markets.

Investors are watching to see how quickly the company can build out its new infrastructure. The shift shows how some firms are choosing to repurpose their resources to capture demand in the growing data center sector.