Keel exits US Bitcoin mining after US$65M loss
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- Keel exited the US Bitcoin mining market after reporting a US$65 million loss.
- The company is ending its US mining operations after a difficult period.
- The exit highlights ongoing pressure on Bitcoin mining businesses.
Keel exited the US Bitcoin (CRYPTO:BTC) mining market after reporting a US$65 million loss.
The company ended its US mining operations after a difficult period for the business.
Keel said the loss was linked to the performance of its US mining activities.
The company is shutting down its US mining operations and changing its business strategy.
Keel said future business decisions will depend on market conditions and capital priorities.
Bitcoin miners have faced pressure from higher energy costs and rising mining difficulty.
The exit shows the financial pressure that some mining companies continue to face.
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