Gagnon Benjamin purchased $129K of KEEL

Goldman Sachs initiated coverage of KEEL (NASDAQ: KEEL) with a Neutral rating and a $2 price target, citing lack of signed leases. The target implies 21.2% upside from the reference price. KEEL's shares fell 56% in three months. Goldman highlighted risks like project delays and higher costs due to moratoriums, with Pennsylvania projects facing permitting delays.

Keel Infrastructure sold 2,520 BTC, including its entire treasury, for $192M. It plans to sell daily BTC from remaining mining ops, exiting crypto to focus on AI/HPC infrastructure. Q3 revenue fell to $28M from $68M YoY, with a $62M loss. Shares dropped 21% on Thursday.

Keel Infrastructure (KEEL) sold its entire 2,520 Bitcoin treasury for $192M in Q3, averaging $76,200 per coin. It will sell mined Bitcoin daily, eliminating exposure to price swings. Revenue fell 59% to $27.6M, with a $62M loss from continuing operations. The company has $780M in cash and plans AI data center projects.

Keel Infrastructure (KEEL) sold 2,520 bitcoin for $192M in Q3, leaving minimal holdings. It will now sell mined bitcoin daily. Revenue fell to $28M from $68M YoY, with adjusted EBITDA at -$27M. The company has $780M in cash and is shifting focus to AI and high-performance computing infrastructure.

Keel Infrastructure Corp. (KEEL) filed an SEC Form 8-K — Results of Operations and Financial Condition. Keel Infrastructure Reports Third Quarter 2026 Results Continued progress with permitting and commercialization; advanced lease negotiations across three near-term sites Commenced construction at Moses Lake; expected to be first energized site generating HPC revenue in 2027 NEW Y

Keel Infrastructure (NASDAQ:KEEL) shares fell over 8% after Keefe, Bruyette & Woods analyst Stephen Glagola cut his price target to $3 from $4.50, citing concerns about construction costs, financing, and regulatory uncertainty. The analyst maintained a 'hold' rating, noting solid fundamentals but needing more clarity on projects.