Keel Infrastructure KEEL
NASDAQ KEEL
$3.57 +0.13 (+3.78%)
At close: Sep 11, 2026 · 4:00 PM EDT

Keel Infrastructure (KEEL) Capital Expenditures (2020 - 2026)

Keel Infrastructure's (KEEL) quarterly Capital Expenditures came in at $43.1 million in Q2 2026, up 130.1% year-over-year from $18.7 million in Q2 2025, and up 317.32% quarter-over-quarter from $10.3 million in Q1 2026.

Analysis

Keel Infrastructure (KEEL) Capital Expenditures (2020 - 2026) Analysis & Trends

Keel Infrastructure (KEEL) has reported Capital Expenditures for 7 consecutive years, with $43.1 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Capital Expenditures rose 130.1% year-over-year to $43.1 million in Q2 2026; TTM through Jun 2026 was $91.6 million, a 70.39% decrease from a year earlier, with the FY2025 full-year figure at $100.3 million, down 65.04% from the prior year.
  • Capital Expenditures was $43.1 million for Q2 2026 at Keel Infrastructure, up from $10.3 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at $455.6 million in Q4 2024 and troughed at -$137.4 million in Q3 2025.
  • A 5-year average of $35.2 million and a median of -$8.1 million in 2023 frame the typical range for Capital Expenditures.
  • Across the five-year window, Capital Expenditures surged 630.85% in 2022 and slumped 991.47% in 2024, its largest moves.
  • Over 5 years, Capital Expenditures stood at $269.4 million in 2022, then slumped by 65.84% to $92.0 million in 2023, then surged by 395.16% to $455.6 million in 2024, then slumped by 61.44% to $175.7 million in 2025, then slumped by 75.47% to $43.1 million in 2026.
  • The last three Capital Expenditures figures came in at $43.1 million (Q2 2026), $10.3 million (Q1 2026), and $175.7 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Bitmine Immersion Technologies 57.18 Bn 56.84 Bn 40.81 Mn 2.15 Bn
2 Iren 33.35 Bn 25.78 Bn 103.89 Mn 1.33 Bn
3 Hut 8 12.15 Bn 5.67 Bn 48.04 Mn 4.00 Mn
4 Riot Platforms 8.12 Bn 7.57 Bn 84.97 Mn 60.73 Mn
5 Argo Blockchain 6.30 Bn 6.30 Bn - -
6 MARA Holdings 4.58 Bn 4.22 Bn - 14.78 Mn
7 Cleanspark 3.51 Bn 3.30 Bn - 6.10 Mn
8 Bitdeer Technologies 2.82 Bn 2.36 Bn -8.53 Mn -265.99 Mn
9 Keel Infrastructure 2.20 Bn 2.20 Bn -86.75 Mn 43.09 Mn
10 HIVE Digital Technologies 831.06 Mn 592.03 Mn -29.49 Mn 14.75 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 43.09 Mn
Mar 31, 2026 10.33 Mn
Dec 31, 2025 175.66 Mn
Sep 30, 2025 -137.43 Mn
Jun 30, 2025 18.73 Mn
Dec 31, 2024 455.61 Mn
Sep 30, 2024 -45.57 Mn
Jun 30, 2024 -119.20 Mn
Mar 31, 2024 -3.92 Mn
Dec 31, 2023 92.01 Mn
Sep 30, 2023 -24.55 Mn
Jun 30, 2023 -10.92 Mn
Mar 31, 2023 -8.10 Mn
Dec 31, 2022 269.36 Mn
Sep 30, 2022 -14.32 Mn
Jun 30, 2022 -79.22 Mn
Mar 31, 2022 -22.67 Mn
Dec 31, 2021 -50.74 Mn
Sep 30, 2021 -28.62 Mn
Jun 30, 2021 -21.91 Mn