Nebius Group (NBIS +27.13%) has more than doubled this year as hyperscalers continue to lease AI data centers with secured power. Not only does Nebius have some of the largest tech companies as customers, but it has also expanded a prior agreement with Meta Platforms in the first quarter, showing that demand continues to heat up. 

Although some investors may feel they missed out on Nebius, there is another AI data center play that hasn’t received as much attention. Keel Infrastructure (KEEL +27.36%), formerly known as Bitfarms, is scaling AI infrastructure that will meet the needs of tech leaders.

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The pipeline is growing

The revenue potential of AI data centers is measured by its gigawatt pipeline….