Keel Infrastructure Shifts Gears from Bitcoin Mining to AI Data Centers

Keel Infrastructure (KEEL) has recently shifted its focus from Bitcoin mining to developing high-performance AI data center infrastructure in North America. The company aims to secure multiple hyperscaler leases and expand its gigawatt-scale power pipeline to meet rising computing demand.

The key takeaway is that Keel expects to start delivering hyperscaler orders as early as 2027, which could significantly shift its revenue mix towards long-term, infrastructure-style contracts tied to AI workloads.

However, there are concerns about execution and financing risks, with some analysts taking a more cautious view. They assume only 1.9% yearly revenue growth to around $231 million, with ongoing losses.