KEEL · Keel Infrastructure Corp.
The AI's read
Keel missed Q2 estimates with EPS -$0.11 vs -$0.06 and revenue $30.43M vs $32.40M, driven by a 50% revenue drop and a $141M operating loss. The miss and bitcoin wind-down drove a ~-10.7% share move today and left adjusted EBITDA negative, flagging near-term profit pressure. The market has already repriced a chunk of the pain; RSI is 75.19 and the stock is down double digits intraday, so some of the downside looks baked in. At the same time Keel reports ~$819M liquidity and raised $458M in convertible notes, which cushions immediate solvency risk. Our take: we lean bearish because the core business is shrinking fast and operating losses are large, but balance-sheet firepower caps a total collapse. That makes this a cautious bearish view, not a crash call; downside exists but is partly contained by liquidity and asset monetization plans.