Keel sold 2,520 Bitcoin in Q3, generating $192 million in proceeds.

On November 5 that according to Keel Infrastructure's quarterly earnings announcement, the company sold 2,520 bitcoins in the third quarter for $192 million. The sold bitcoins included its entire reserve of 2,261 coins as well as 259 coins mined during the quarter.

As of September 30, the company's bitcoin holdings were virtually negligible. Keel stated that it will sell the bitcoins mined by its Quebec operations daily going forward. Formerly known as Bitfarms, the company is shifting its business focus to high-performance computing and AI infrastructure.