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Keel Infrastructure shifts from bitcoin mining to AI data centers, aiming 2.2 GW capacity by 2027.

Analyst Insights
04 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Keel Infrastructure (KEEL), formerly Bitfarms, is transitioning from bitcoin mining to hosting AI data centers with a target pipeline of 2.2 GW by 2027. The company focuses on Nvidia-compatible infrastructure and conservative growth, positioning itself as a less overvalued player in the sector. Despite reporting a $145 million net loss and negative adjusted EBITDA in Q1 2026, the analyst maintains a buy rating, recommending moderate accumulation on price dips. Key risks include high execution costs, capital intensity, and investor expectations, with close monitoring of the balance sheet and macroeconomic factors advised.

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