KEEL KEEL Service — Depreciation

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Questions, answered.

What is KEEL's service — depreciation?

KEEL (KEEL) reported service — depreciation of $27.81M in Q1 2026.

How has KEEL's service — depreciation changed year-over-year?

KEEL's service — depreciation increased by 814.1% year-over-year, from $3.04M to $27.81M.

What does service — depreciation mean?

This metric represents the non-cash expense allocated to the wear and tear of specialized hardware and infrastructure assets dedicated to the service segment's operations. It reflects the systematic reduction in the book value of mining rigs and related data center equipment over their estimated useful lives. Monitoring this expense is critical for assessing the capital intensity of the service business model and the ongoing reinvestment requirements needed to maintain competitive hashing capacity.