Keel Infrastructure advances HPC data centers, starts Moses Lake construction, expects 2027 revenue.

Keel Infrastructure reported Q3 2026 results highlighting progress in permitting and commercialization of high-performance computing (HPC) data centers. Construction began at Moses Lake, expected to be the first site generating HPC revenue in 2027. The company is negotiating leases at three near-term sites and remains well-capitalized with $780 million cash liquidity, avoiding the need for new financing before lease signings. Keel is shifting focus from Bitcoin mining to HPC infrastructure, aiming to expand capacity significantly and capitalize on growing power demand.

Keel Infrastructure's shift toward high-performance computing data centers comes as its stock trades at USD 2.08 on Pluang, down 1.42% as of Nov 05, 2026 19:11 WIB. The company's market cap stands at $1.29 billion, with a 52-week low of $1.71 and a high of $6.66. Investor activity on Pluang shows a nearly balanced mix, with 52% buying and 48% selling, reflecting cautious interest in this transition phase.