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How Keel Infrastructure (KEEL) makes money

Keel Infrastructure (KEEL) made $27.6M of revenue in the third quarter 2026 (Q3 2026), -58% from a year earlier. Bitcoin Mining brought in $18.9M (69%); Energy sales brought in $7.1M (26%); Electrical services brought in $1.6M (6%).

Drawing the Sankey…

Keel Infrastructure revenue by segment, Q3 2026Keel Infrastructure revenue by segment, Q3 2026Bitcoin Mining$18.9MEnergy sales$7.1MElectrical services$1.6M
Keel Infrastructure revenue by quarterKeel Infrastructure revenue by quarter$37.0MQ1 2026$30.4MQ2 2026$27.6MQ3 2026
Keel Infrastructure: where each dollar of revenue goesKeel Infrastructure: where each dollar of revenue goesIncome tax5¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Bitcoin Mining$18.9M68.5%-27%-69%
Energy sales$7.1M25.9%+199%+44%
Electrical services$1.6M5.6%-23%+38%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$27.6M100.0%
Income tax$1.5M5.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$27.6M-59%
Q2 2026$30.4M-50%
Q1 2026$37.0M-22%

From Keel Infrastructure's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Keel Infrastructure make money?

Keel Infrastructure (KEEL) made $27.6M of revenue in the third quarter 2026 (Q3 2026), -58% from a year earlier. Bitcoin Mining brought in $18.9M (69%); Energy sales brought in $7.1M (26%); Electrical services brought in $1.6M (6%).

What is Keel Infrastructure's biggest business?

Bitcoin Mining: $18.9M in the third quarter 2026, 69% of revenue, -69% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.