TechFlow News, May 12: According to The Block, Keel Infrastructure Corp. (NASDAQ: KEEL, formerly Bitfarms) released its Q1 2026 financial results, reporting a net loss of $145 million and revenue down 23% year-on-year to $37 million. The loss was primarily driven by a $41 million non-cash impairment related to changes in the fair value of digital assets and a $22 million loss from the write-off of the Macquarie credit facility. The company completed its re-registration in the U.S. and rebranding in April this year, formally exiting the Latin American market and continuing to reduce its Bitcoin holdings—selling a total of 269 BTC between January and May 8, generating $20 million in cash proceeds. As of May 8, the company’s total liquidity stood at approximately $533 million, including $336 million in unrestricted cash and $197 million in unencumbered Bitcoin.
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