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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |