Keel Infrastructure Dumps Entire Bitcoin Treasury for $192M as Mining Exit Accelerates

Former bitcoin mining company Keel Infrastructure sold its entire BTC treasury during the third quarter, generating $192 million in proceeds as it accelerates its transition into artificial intelligence (AI) infrastructure amid a broader sell-off in mining and AI-related stocks. Keel Infrastructure, formerly known as Bitfarms, disclosed Thursday that it sold 2,520 BTC during the quarter ended Sept. 30, including its entire treasury position of 2,261 BTC and another 259 BTC produced through its remaining mining operations. The company said it timed the sales to take advantage of periods of market strength, leaving it with nominal bitcoin holdings at the end of September.

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