Keel Infrastructure Plunges 15.6% to 3.5-Month Low as TSX Slides
KEEL has more than doubled off its 52-week low of $1.18.
Summary
Keel Infrastructure shares fell 15.6% to a three-and-a-half-month low on August 18, 2026, as the broader TSX dropped 0.8% to a 12-day low. The decline follows the company's Q2 2026 results reported on August 10, which showed a $64 million net loss and a 50% year-over-year revenue decline to $30 million, alongside the full decommissioning of its US bitcoin mining operations. The stock's sharp drop today suggests continued investor concern about the company's strategic pivot to HPC/AI data centers amid rising bond yields and a weak market for technology and mining shares. The move is notable given the company's $1.95 billion market cap and the recent $458 million convertible notes offering completed in June.
At the time of this announcement, KEEL was trading at $3.23 on NASDAQ in the Technology sector, with a market capitalization of approximately $2B. The 52-week trading range was $1.18 to $7.37. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.