Archival photograph of the Sharon site from Bitfarms’ 2024 presentation
Keel Infrastructure logoKEEL / NASDAQ / AI data-center development · formerly Bitfarms

KEEL INFRASTRUCTURE

Power in place. Revenue still ahead.

A transition from Bitcoin mining to AI infrastructure, with permits, tenants and financing still in focus.

Company imagery
KEEL INFRASTRUCTURE Overview
LATEST RESULTS

THE QUARTER, IN FOCUS.

Archival photograph of the Sharon site from Bitfarms’ 2024 presentation
LATEST EARNINGS

THE QUARTER. AT A GLANCE.

Q2 2026 · Aug 10, 2026

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NEXT EARNINGSNov 12, 2026Estimated · Company confirmation pending

Comparison incompletevs analyst estimates
RevenueMiss
ACTUAL$30.4M
vs
ESTIMATE$31.5M
−$1.0M (-3.3%)Reported revenue
Diluted EPSUnverified
ACTUAL−$0.11
vs
ESTIMATEUnavailable
Comparable estimate unavailableGAAP · Estimate basis unverified

THE BUSINESS, OVER TIME.

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Revenue · FY2025$229M
+18.9% vs previous year

Revenue increased across the last 3 years.

229.3M114.6M0.0M$146MFY2023$193MFY2024$229MFY2025
Select a period to inspectUSD · Reported · Retrieved Sep 14, 2026
LOOKING AHEAD

REVENUE EXPECTATIONS

Estimated annual revenue · FY2028$394M
1.7× FY2025 revenue
394.2M197.1M0.0M$229MFY2025$105MFY2026E$105MFY2027E$394MFY2028E
ReportedAnalyst estimate
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USD · Estimates are not guidance · Snapshot Sep 14, 2026

RATINGS & TARGETS

THE ANALYST VIEW

100%

4 of 4 analysts rate it BuyStrong Buy ratings included

4 Buy0 Hold0 Sell
Analyst price targets$5.60 average
$3 low$8 high$3.45 quote

Quote Sep 14, 2026 · Targets reflect analyst opinions.

See ratings & target changes

Snapshot · Sep 14, 2026

INSTITUTIONAL HOLDINGS · FORM 13F

HOW POSITIONS CHANGED.

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Opened or increased283reported positions

Reporting period
Jun 30, 2026

Reduced or closed0reported positions
New positions283
Increased0
Reduced0
Closed positions0

Changes in reported share holdings, not transaction dates or money flows.
Snapshot Sep 14, 2026 · Compared with prior reported holdings.

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