Keel sold 2,520 bitcoin in the third quarter, left its treasury near zero and said Quebec-mined coins will now be sold every day as it pivots to AI data centers.
The company still holds a large treasury and ramped up its infrastructure through a $14 million bitcoin sale and dumping over 30 million shares onto the market.
As June monthly production updates roll out over the next week, Core Scientific and Bitfarms have both sold nearly 50% or more of their bitcoin treasuries.