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KEEL KEEL Miners — Depreciation

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Other financials

Income statement

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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

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Cash & equivalents$357.3M+827%
Total debt$591.0M
Total equity$419.1M-36.6%
Total assets$1.1B

Cash flow

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Operating cash flow-$64.7M-243%
CapEx$10.3M-76.2%
Free cash flow-$75.0M-20.6%

Valuation

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Market cap$3.99B

Profitability

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Gross margin-7.9%-2.8pp
Operating margin-37.8%+2.0pp
Net margin-52%+24.6pp
FCF margin-259.9%+201pp

Returns & leverage

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Return on equity-6.1%-2.5pp
Debt / equity1.4×
Current ratio9.6×

Where this comes from

Reported directly by KEEL in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: KEEL’s 10-K, filed March 31, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is KEEL's miners — depreciation?
KEEL (KEEL) reported miners — depreciation of $320.5K in Q4 2025.
What does miners — depreciation mean?
This metric represents the systematic allocation of the cost of mining hardware and related infrastructure over its estimated useful life. It reflects the wear and tear or technological obsolescence of the mining fleet used in the segment. High depreciation relative to revenue may indicate a need for significant capital reinvestment to maintain competitive hashing power.