secwatch.observer — SEC 8-K summary
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Issuer:     Keel Infrastructure Corp. (KEEL)
CIK:        0001812477
Form:       8-K
Filed at:   2026-05-11T23:59:59+00:00
Accession:  0001213900-26-054167
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Keel Infrastructure Q1 2026 revenue $37M, down 23% YoY; operating loss $98M
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- Revenue $37M (-23% YoY); loss from continuing ops $128M ($0.21 per share).
- Adjusted EBITDA negative $17M, down from $7M in Q1 2025.
- Liquidity $533M ($336M cash, $197M Bitcoin) as of May 8, 2026; sold 269 Bitcoin for $20M.
- Strategic transformation: redomiciled to US, exited Latin American assets, advancing Panther Creek, Sharon, Moses Lake.
- CEO says fully funded through lease signing and G&A through 2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812477/000121390026054167/0001213900-26-054167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812477/000121390026054167/ea0289914-8k_keelinfra.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-054167

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer