What is Keel Infrastructure Corp.'s market cap?

Keel Infrastructure Corp. (KEEL) has a market capitalization of $2.4B and trades on XNAS.

What is Keel Infrastructure Corp.'s revenue and profitability?

Keel Infrastructure Corp. generated $151.3M in trailing twelve-month revenue with a net loss of $215.1M, representing a net margin of -52.0%. Gross margin stands at -7.9%, with free cash flow of -$351.5M. These figures are based on the Q1 2026 filing.

Who are Keel Infrastructure Corp.'s competitors?

Keel Infrastructure Corp.'s key competitors include Riot Platforms, Core Scientific, Inc. Common Stock, Soluna Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.

Who does Keel Infrastructure Corp. partner with?

Keel Infrastructure Corp.'s notable partners include Foundry Pool, Coinbase Custody, Anchorage Digital, and others.

What subsidiaries does Keel Infrastructure Corp. have?

Keel Infrastructure Corp.'s subsidiaries include Scrubgrass Generating Company, Panther Creek Energy Facility.

Where is Keel Infrastructure Corp. headquartered?

Keel Infrastructure Corp. is headquartered in United States of America. It has been publicly traded since 2019.

KEE

Keel Infrastructure Corp.

KEEL

Market cap

$2.45B-1.5%

Revenue$151.3M+19.3%

Net income-$215.1M-413%

Free cash flow-$351.5M-20.4%

EPS (diluted)-$0.39-175%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 11, 2026

Revenue$37.0MBeat by $2.4M EPS-$0.21Miss by $0.10

Read the full report

Next report

Aug 10, 2026 (In 1 week)

Revenue estimate$32.2M

EPS estimate-$0.08

Financials

Q1 2026

Income statement

See full

Revenue$37.0M-22.4%

Gross profit-$26.3M-9,631%

Operating income-$98.4M-182%

Net income-$145.4M-162%

EPS (diluted)-$0.24-118%

Balance sheet

See full

Cash & equivalents$357.3M+827%

Total debt$591.0M—

Total equity$419.1M-36.6%

Total assets$1.1B—

Cash flow

See full

Operating cash flow-$64.7M-243%

CapEx$10.3M-76.2%

Free cash flow-$75.0M-20.6%

Valuation & ratios

Valuation

See full

Market cap$2.57B-1.5%

Enterprise value$2.81B—

P/S17×—

Returns & leverage

See full

Debt / equity1.4×—

Current ratio9.6×—

Competitors

By market cap

Iris Energy$13.2B+209%

Cipher Digital, Inc. $9.5B+294%

TeraWulf$9.1B+354%

Riot Platforms, Inc.$8.5B+64.0%

Core Scientific, Inc.$7.2B+73.1%

CleanSpark$3.7B+12.2%

KEE

Keel Infrastructure Corp.$2.6B—

Soluna Holdings, Inc.$198.8M+1,269%

By revenue growth

Iris Energy+110%

Riot Platforms, Inc.+42.4%

Cipher Digital, Inc. +38.0%

TeraWulf+27.3%

Core Scientific, Inc.+26.4%

KEE

Keel Infrastructure Corp.+19.3%

Soluna Holdings, Inc.+5.6%

By net margin

CleanSpark47.68%—

Iris Energy20.88%+47.8pp

KEE

Keel Infrastructure Corp.-52.05%-109pp

Riot Platforms, Inc.-132.76%-45.8pp

Soluna Holdings, Inc.-195.56%+8.6pp

Core Scientific, Inc.-237.57%-281pp

Cipher Digital, Inc. -427.79%-361pp

TeraWulf-611.46%-517pp

Profile

Keel Infrastructure Corp. is a digital infrastructure company transitioning from a primary focus on Bitcoin mining to the development and operation of high-performance computing (HPC) and artificial intelligence (AI) data centers. The company leverages its proprietary infrastructure assets and power generation facilities to provide scalable, energy-efficient capacity for intensive compute workloads. Its core value proposition lies in securing reliable, low-cost power and specialized cooling systems to support next-generation hardware.

Competitive position

Keel is undergoing a strategic transformation to pivot from volatile crypto-mining to stable, high-margin HPC hosting, leveraging its secured power interconnections and owned generation assets.

GeographiesUnited States, Canada

Customer segmentsEnterprise, Technology Companies, Utility Markets

Business modelInfrastructure-as-a-Service, Leasing, Commodity Production

SuppliersGPU Manufacturers, ASIC Mining Hardware Suppliers, Electrical Infrastructure Providers, Hydroelectric and Natural Gas Utilities

CustomersAI Research Firms, Wholesale Energy Grids, Bitcoin Network Users, Enterprise Data Tenants

CountryUnited States of America

Listed2019

CEOBenjamin Gagnon

SectorTechnology

IndustrySoftware - Services

Websitekeelinfra.com

FilingsSEC EDGAR

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Questions, answered.

What is Keel Infrastructure Corp.'s market cap?: Keel Infrastructure Corp. (KEEL) has a market capitalization of $2.4B and trades on XNAS.
What is Keel Infrastructure Corp.'s revenue and profitability?: Keel Infrastructure Corp. generated $151.3M in trailing twelve-month revenue with a net loss of $215.1M, representing a net margin of -52.0%. Gross margin stands at -7.9%, with free cash flow of -$351.5M. These figures are based on the Q1 2026 filing.
Who are Keel Infrastructure Corp.'s competitors?: Keel Infrastructure Corp.'s key competitors include Riot Platforms, Core Scientific, Inc. Common Stock, Soluna Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Keel Infrastructure Corp. partner with?: Keel Infrastructure Corp.'s notable partners include Foundry Pool, Coinbase Custody, Anchorage Digital, and others.
What subsidiaries does Keel Infrastructure Corp. have?: Keel Infrastructure Corp.'s subsidiaries include Scrubgrass Generating Company, Panther Creek Energy Facility.
Where is Keel Infrastructure Corp. headquartered?: Keel Infrastructure Corp. is headquartered in United States of America. It has been publicly traded since 2019.