Keel Infrastructure Corp.
KEELTechnologyNASDAQInformation Technology Services · Last scanned Jun 3, 2026
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Daily timeframeKeel Infrastructure Corp. operates digital and energy infrastructure with focus on high-performance computing (HPC) and artificial intelligence (AI) workloads in North America, Canada, and the United States. The $3.71B market capitalization puts KEEL squarely in mid-cap range for its industry. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining.
Market Cap
$3.71B
Beta
3.90
P/E (TTM)
—
P/E (Fwd)
-94.46
EPS (TTM)
$-0.51
EPS (Fwd)
$-0.07
ROE
-54.9%
ROA
-9.0%
Cash
$357.3M
Total Debt
$591.0M
Free CF
-$159.4M
52W Change
558.8%
Annual Financials
Cash vs Debt
The company holds $357.3M in cash, though total debt stands at $591.0M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$159.4M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -54.9%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $142.4M (2022) to $229.3M (2025), reflecting a 61% increase over the period.
With a beta above 1.5, KEEL tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing KEEL.