Keel Infrastructure Corp. (KEEL)
Nasdaq · Finance Services · Finance, insurance and real estate · CIK 1812477 · fiscal year ends in Dec
Closing price $2.31 on 29 Oct 2026; 52-week range $1.71 to $6.66.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Market value
- $1.4B
- Cash
- $768.9M
- Debt
- $1.0B
- Debt to equity
- 3.12
- Shares outstanding
- 616.7M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $229.3M | -$149.6M | -$284.5M | -$0.52 | -$326.9M | 10-K filed 31 Mar 2026 |
| FY2024 | 31 Dec 2024 | $133.3M | -$28.0M | -$28.4M | -$0.07 | -$428.6M | 10-K filed 31 Mar 2026 |
| FY2023 | 31 Dec 2023 | $120.4M | -$50.0M | -$55.5M | -$0.21 | -$155.3M | 10-K filed 31 Mar 2026 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $30.4M | -$65.0M | -$0.11 |
| Q1 FY2026 | 31 Mar 2026 | $37.0M | -$145.4M | -$0.24 |
| Q2 FY2025 | 30 Jun 2025 | $60.9M | -$5.5M | -$0.01 |
| Q1 FY2025 | 31 Mar 2025 | $47.7M | -$55.6M | -$0.11 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Cryptocurrency Mining | $206.2M | 89.9% |
| Energy sales | $14.0M | 6.1% |
| Electrical Services | $4.6M | 2.0% |
| Cryptocurrency Hosting | $4.5M | 2.0% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| United States | $116.4M | 50.8% |
| Canada | $112.9M | 49.2% |
Company events
The newest 8-K filings of 9 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 10 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 6 Jul 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 16 Jun 2026 | 8-K | Auditor change | 4.01, 9.01 |
| 10 Jun 2026 | 8-K | Material agreement, New debt, Share sale, Other events | 1.01, 2.03, 3.02, 8.01, 9.01 |
| 5 Jun 2026 | 8-K | Other events | 8.01, 9.01 |
| 4 Jun 2026 | 8-K | Other events | 8.01, 9.01 |
| 11 May 2026 | 8-K | Results | 2.02, 9.01 |
| 3 Apr 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 1 Apr 2026 | 8-K | Change in control, Leadership change, Material agreement, New debt, Share sale, Shareholder rights change, Bylaws or fiscal year change, Investor update, Other events | 1.01, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01 |
Every filing
The newest filings with the SEC of 344 held.
| Filed | Form | Period |
|---|---|---|
| 10 Aug 2026 | 10-Q | 30 Jun 2026 |
| 10 Aug 2026 | 8-K | 10 Aug 2026 |
| 6 Jul 2026 | 8-K | 5 Jul 2026 |
| 16 Jun 2026 | 8-K | 11 Jun 2026 |
| 10 Jun 2026 | 8-K | 9 Jun 2026 |
| 5 Jun 2026 | 8-K | 4 Jun 2026 |
| 4 Jun 2026 | 8-K | 4 Jun 2026 |
| 11 May 2026 | 8-K | 11 May 2026 |
| 11 May 2026 | 10-Q | 31 Mar 2026 |
| 7 Apr 2026 | S-3ASR | – |
| 3 Apr 2026 | 8-K | 1 Apr 2026 |
| 2 Apr 2026 | S-8 POS | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 21 Aug 2026 | Gagnon Benjamin, Chief Executive Officer | Purchase | 38,888 | $3.33 | $129.5K | 1,386,624 | 21 Aug 2026 |
| 20 Aug 2026 | Wilson Liam Daniel, Chief Operating Officer | Purchase | 30,769 | $3.25 | $100.0K | 100,978 | 20 Aug 2026 |
| 17 Aug 2026 | Wilson Liam Daniel, Chief Operating Officer | Purchase | 26,472 | $3.78 | $100.1K | 70,209 | 17 Aug 2026 |
| 13 Aug 2026 | Gagnon Benjamin, Chief Executive Officer | Purchase | 58,888 | $3.33 | $196.1K | 1,347,736 | 14 Aug 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 29 Jul 2026 | BlackRock, Inc. | 13G | 8.4% | 50.9M |
| 18 May 2026 | JANE STREET GROUP, LLC | 13G | 5.1% | 30.5M |
| 11 May 2026 | JANE STREET GROUP, LLC | 13G amended | 3.8% | 23.1M |
| 12 Feb 2026 | JANE STREET GROUP, LLC | 13G amended | 5.6% | 33.6M |
| 12 Feb 2026 | Citadel Securities GP LLC | 13G | 4% | 23.7M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 115.5M | -2.01% | 3.93 |
| 30 Sep 2026 | 117.9M | +7.28% | 3.81 |
| 15 Sep 2026 | 109.9M | -12.21% | 3.72 |
| 31 Aug 2026 | 125.1M | +8.01% | 2.88 |
| 14 Aug 2026 | 115.9M | +11.62% | 3.67 |
| 31 Jul 2026 | 103.8M | +0.19% | 3.14 |
| 15 Jul 2026 | 103.6M | +9.11% | 3.31 |
| 30 Jun 2026 | 95.0M | +8.77% | 1.37 |
Funds that hold it
From each fund's latest Form 13F.
283 funds held it at 30 Jun 2026: 271 added and 0 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 43,970,304 | $252.4M | +43,970,304 |
| Situational Awareness LP | 26,451,393 | $151.8M | +26,451,393 |
| Monarch Alternative Capital LP | 26,285,000 | $150.9M | +26,285,000 |
| Jane Street Group, LLC | 23,183,128 | $133.1M | +23,183,128 |
| Geode Capital Management, LLC | 15,604,009 | $113.5M | +15,604,009 |
| Vanguard Capital Management LLC | 13,852,890 | $79.5M | +13,852,890 |
| State Street Corp. | 13,606,205 | $78.1M | +13,606,205 |
| Vanguard Portfolio Management LLC | 13,096,088 | $75.2M | +13,096,088 |
| Morgan Stanley | 12,682,283 | $72.8M | +12,682,283 |
| Invesco Ltd. | 11,638,359 | $66.8M | +11,638,359 |
Peers
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