Keel Infrastructure Stock Down 6.8% After Pivoting to AI Data Centers

Keel Infrastructure (KEEL) has experienced a 6.8% decline in value after shifting 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 growing computing demands.

Keel expects to start delivering hyperscaler orders as early as 2027, which could significantly impact its revenue mix towards long-term contracts tied to AI workloads.

The shift in focus has raised concerns about execution risks surrounding permitting, build-out, and tenant commitments.