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WhiteFiber vs Keel Infrastructure: WYFI and KEEL compared
WhiteFiber is the larger company: $28.8M of revenue in its latest quarter (Q2 2026) against $27.6M for Keel Infrastructure (Q3 2026). WhiteFiber is growing faster (+54% against -59% a year earlier). Keel Infrastructure is more profitable, with an operating margin of -27.8% against -32.1%.
Where the money goes: WYFI and KEEL
WhiteFiber (WYFI) · Q2 2026
WhiteFiber, Q2 2026: revenue $28.8M (+54% year over year), operating margin -32.1%, net loss $15.0M, operating cash flow $85.9M. The chart follows the revenue to costs, profit and cash.
Keel Infrastructure (KEEL) · Q3 2026
Keel Infrastructure, Q3 2026: revenue $27.6M (-59% year over year), operating margin -27.8%, net loss $62.7M, operating cash flow −$41.9M. The chart follows the revenue to costs, profit and cash.
| WhiteFiber (WYFI) | Keel Infrastructure (KEEL) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $28.8M | $27.6M |
| Revenue growth, Y/Y | +54% | -59% |
| Operating margin | -32.1% | -27.8% |
| Net earnings | −$15.0M | −$62.7M |
| Net margin | -51.9% | -227.2% |
| Operating cash flow | $85.9M | −$41.9M |
Where the revenue comes from
WhiteFiber
- Cloud services: $23.8M (83%)
- Colocation services: $4.7M (16%)
- Other: $307K (1%)
Keel Infrastructure
- Bitcoin Mining: $18.9M (69%)
- Energy sales: $7.1M (26%)
- Electrical services: $1.6M (6%)
Questions
Which is bigger, WhiteFiber or Keel Infrastructure?
WhiteFiber is the larger company: $28.8M of revenue in its latest quarter (Q2 2026) against $27.6M for Keel Infrastructure (Q3 2026).
Is WhiteFiber or Keel Infrastructure growing faster?
WhiteFiber is growing faster (+54% against -59% a year earlier).
Which is more profitable, WhiteFiber or Keel Infrastructure?
Keel Infrastructure is more profitable, with an operating margin of -27.8% against -32.1%.
More: WhiteFiber earnings · how WhiteFiber makes money · Keel Infrastructure earnings · how Keel Infrastructure makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.