Why Keel Infrastructure Stock Dived by Over 12% Today

Keel Infrastructure (NASDAQ: KEEL), one of numerous crypto miners pivoting into the operation of next-generation, artificial intelligence (AI) data centers, reported its second-quarter results before market open on Monday. It might be wishing it hadn't, though, as investors greeted the news by trading the company's stock down by more than 12% that day.For the quarter, Keel's revenue fell a steep 50% year over year to $30 million. The company only recently jettisoned its Bitcoin mining operations; still, this legacy business was affected by the significant slump in the cryptocurrency's price. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool