Cryptocurrency Mining was Keel Infrastructure’s largest product and service line in fiscal 2025, bringing in $206.21M of $229.28M (90%).
| Product and Service | FY 2024 | FY 2025 |
|---|---|---|
| Cryptocurrency Mining | $128.17M | $206.21M |
| Energy Sales | — | $13.98M |
| Electrical Services | $5.10M | $4.60M |
| Cryptocurrency Hosting | — | $4.49M |
| Total | $133.27M | $229.28M |
Keel Infrastructure brought in $229.28M from its four product and service lines in fiscal 2025, the year ended December 31, 2025. Keel Infrastructure regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $133.27M. Cryptocurrency Mining was the largest at $206.21M (89.9%), ahead of Energy Sales at $13.98M (6.1%) and Electrical Services at $4.60M (2.0%). The remaining line, Cryptocurrency Hosting, brought in $4.49M.
Compared with fiscal 2024, Cryptocurrency Mining grew 60.9% to $206.21M, while Electrical Services fell 9.9% to $4.60M.
Keel Infrastructure began breaking out Energy Sales in fiscal 2025 and Cryptocurrency Hosting in fiscal 2025.
Foreign - United States was Keel Infrastructure’s largest region in fiscal 2025, bringing in $116.39M of $229.28M (51%).
| Geography | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Canada | $104.43M | $116.77M | $112.89M |
| Foreign - United States | — | $16.50M | $116.39M |
| United States | $15.97M | — | — |
| Argentina | $19.05M | — | — |
| Paraguay | $6.92M | — | — |
| Total | $146.37M | $133.27M | $229.28M |
Keel Infrastructure brought in $229.28M from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 72.0% from $133.27M in fiscal 2024. Foreign - United States was the largest at $116.39M (50.8%), ahead of Canada at $112.89M (49.2%).
Compared with fiscal 2024, Foreign - United States grew 605.4% to $116.39M, while Canada fell 3.3% to $112.89M.
Keel Infrastructure began breaking out Foreign - United States in fiscal 2024, when it brought in $16.50M. Keel Infrastructure stopped reporting Argentina ($19.05M in fiscal 2023), United States ($15.97M in fiscal 2023) and Paraguay ($6.92M in fiscal 2023) as separate regions.
Keel Infrastructure (KEEL) reports its revenue by product and service and by geography. In fiscal 2025, Cryptocurrency Mining was its largest product and service line, bringing in $206.21M (89.9% of the total), followed by Energy Sales at $13.98M (6.1%).
Cryptocurrency Mining was Keel Infrastructure's largest product and service line in fiscal 2025, bringing in $206.21M, or 89.9% of the $229.28M total across its four product and service lines.
Foreign - United States was Keel Infrastructure's largest region in fiscal 2025, bringing in $116.39M, or 50.8% of the $229.28M total across its two regions.
Foreign - United States grew faster than Canada in fiscal 2025, up 605.4% from $16.50M to $116.39M. Canada fell 3.3% to $112.89M.
Every figure comes from Keel Infrastructure's annual financial filings, as reported. Each line keeps the name Keel Infrastructure gives it, and years follow its fiscal calendar.
Keel Infrastructure's revenue by product and service goes back to fiscal 2024, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.