Keel Infrastructure Posts $145 Million Loss as Firm Completes Pivot From Bitcoin Miner to AI
Formerly known as Bitfarms, the newly rebranded Keel touted a $533 million war chest to fund AI infrastructure buildout.
The shift from Bitcoin mining to AI may lead to bearish sentiment in the crypto market, particularly for BTC, as investors react to the loss and the company's pivot. Prices are likely to decline as confidence in mining-related assets diminishes.
Formerly known as Bitfarms, the newly rebranded Keel touted a $533 million war chest to fund AI infrastructure buildout.
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