Key Points
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The company has a 2.2 gigawatt pipeline and expects to sign three leases with tech tenants by the end of the year.
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Keel Infrastructure told investors its $533 million in liquidity is enough to execute leases at three of its sites.
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A 1.3 gigawatt site is in the process of being approved, which will significantly strengthen the bullish thesis.
Crypto miners are becoming a hot trade in the stock market, but it has nothing to do with crypto. Keel Infrastructure (NASDAQ: KEEL) is one of several crypto miners pivoting to AI infrastructure, and investors have noticed. The stock is up by 75% year to date and is approaching a $2.5 billion market cap.
Investors have seen other crypto miners like Iren(NASDAQ: IREN) and Cipher Mining(NASDAQ:…
