What is Northland Securities’ Estimate for KEEL Q3 Earnings?

Posted by on Aug 12th, 2026

Keel Infrastructure (NASDAQ:KEEL – Free Report) – Equities research analysts at Northland Securities cut their Q3 2026 earnings estimates for shares of Keel Infrastructure in a note issued to investors on Monday, August 10th. Northland Securities analyst M. Grondahl now expects that the company will earn ($0.09) per share for the quarter, down from their previous forecast of ($0.06). The consensus estimate for Keel Infrastructure’s current full-year earnings is ($0.27) per share. Northland Securities also issued estimates for Keel Infrastructure’s Q4 2026 earnings at $0.10 EPS and FY2026 earnings at ($0.40) EPS.

Keel Infrastructure (NASDAQ:KEEL – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.11) earnings per share for the quarter. Keel Infrastructure had a negative net margin of 239.71% and a negative return on equity of 51.97%. The firm had revenue of $30.43 million for the quarter. During the same quarter in the prior year, the firm earned ($0.05) earnings per share.

Several other research analysts have also recently weighed in on KEEL. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Citizens Jmp assumed coverage on Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price objective for the company. Chardan Capital reissued a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a report on Monday, June 8th. BTIG Research assumed coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Keel Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

View Our Latest Stock Report on KEEL

Keel Infrastructure Stock Performance

Shares of KEEL stock opened at $3.29 on Wednesday. Keel Infrastructure has a 52-week low of $1.17 and a 52-week high of $7.37. The stock has a 50-day moving average price of $4.90. The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37. The company has a market cap of $2.03 billion, a P/E ratio of -23.50 and a beta of 4.14.

Hedge Funds Weigh In On Keel Infrastructure

An institutional investor recently bought a new position in Keel Infrastructure stock. Bank of New York Mellon Corp purchased a new position in Keel Infrastructure (NASDAQ:KEEL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,740,330 shares of the company’s stock, valued at approximately $9,989,000. Bank of New York Mellon Corp owned 0.28% of Keel Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 20.59% of the company’s stock.

Key Keel Infrastructure News

Here are the key news stories impacting Keel Infrastructure this week:

  • Positive Sentiment: Keel said it has approximately $819 million of liquidity, including unrestricted cash and unencumbered Bitcoin, giving it funding to develop HPC infrastructure despite near-term losses. It also raised $458 million through a convertible note offering. Keel Infrastructure Q2 revenue falls 50% to $30 million
  • Positive Sentiment: The company completed the shutdown of its U.S. Bitcoin mining operations and is redirecting power-rich sites toward AI and HPC customers. Management is targeting power availability and lease discussions at Moses Lake, Sharon and Panther Creek, with the first fully commissioned Moses Lake data center expected in 2027. KEEL Q2 Earnings Call Highlights 2027 Power and Leasing Push
  • Positive Sentiment: CEO commentary presents AI infrastructure as a substantially larger opportunity than Bitcoin mining, supporting the strategic rationale for the pivot. CEO Keel Infrastructure: AI offers a much bigger opportunity than Bitcoin
  • Neutral Sentiment: The reported short-interest data shows zero shares short both currently and in the prior period, producing no meaningful days-to-cover signal. The reported “increase” is therefore not informative for trading sentiment.
  • Negative Sentiment: Second-quarter revenue fell roughly 50% year over year to $30.43 million, while Keel posted an adjusted loss of $0.11 per share versus a $0.05 loss in the prior-year quarter. The results missed expectations as lower Bitcoin prices and the shutdown of mining operations reduced revenue. Keel Infrastructure Q2 Earnings Miss Estimates as Bitcoin Wind-Down Continues
  • Negative Sentiment: Operating loss reached $140.8 million, including $84.1 million of depreciation and amortization, and adjusted EBITDA was negative $23.7 million. Investors remain concerned that the AI buildout is still dependent on permits, construction progress and securing tenants, creating substantial execution risk. KEEL’s three-site AI buildout remains gated by permits and tenant talks

About Keel Infrastructure

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Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.

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