Keel has announced the complete closure of its Bitcoin mining operations across the United States. This move marks a significant shift in the company's business model as it pivots toward the artificial intelligence sector.

While the company has not provided a detailed breakdown of the financial impact of this transition, the decision reflects a broader trend among crypto-infrastructure firms that are repurposing data centers to support high-performance computing and AI workloads. By shuttering its mining sites, Keel joins a growing list of companies that are moving away from the energy-intensive process of securing the Bitcoin network in favor of the potentially more lucrative AI market.

There is currently no information regarding the status of the company's international mining assets or the specific timeline for the decommissioning of its US hardware. The company’s public statements emphasize the AI pivot as a strategic evolution, though it remains unclear how this transition will affect the firm's overall revenue stability in the short term.