KEEL: Revenue down 50% as focus shifts to HPC, with $819M liquidity supporting expansion
KEEL's revenue dropped 50% year-over-year to $30M due to the cessation of Bitcoin mining, resulting in a net loss of $64M and negative adjusted EBITDA. Despite this, the company maintains strong liquidity of $819M, which will fund its strategic transition to High-Performance Computing (HPC) …