KEEL Infrastructure: AI/HPC Data Center and Large Power PipelineKeel Infrastructure Corp.BATS:KEELTopgOptionsIf you haven`t bought KEEL before the previous rally: Now Keel Infrastructure (the rebranded and U.S.-redomiciled former Bitfarms) is transitioning from Bitcoin mining to developing and leasing large-scale digital infrastructure for AI and high-performance computing. With a substantial powered-land pipeline in attractive markets, strong near-term liquidity, and progress on permitting and commercialization, the company is positioned to capture demand for scarce power capacity. Development pipeline of approximately 2.2 GW across Pennsylvania, Washington, and Québec, with established grid interconnections; priority near-term sites include Moses Lake (targeted as the first fully commissioned data center in 2027), Sharon, and Panther Creek (350 MW secured capacity with expansion potential). Recent progress includes conditional land-development approval for an ~75–80 MW Allentown, Pennsylvania site, advancing permits and construction readiness at other campuses, and a PowerSecure agreement supporting the Moses Lake campus; management has highlighted active negotiations with hyperscalers, AI firms, and other potential tenants. Strong balance-sheet flexibility with roughly $819 million in liquidity (as of August 2026) after convertible note issuance, intended to fund site development through lease execution and support cash needs into 2028 while the company winds down residual Bitcoin operations. Strategic focus on signing initial leases (targeting multiple by year-end) that can unlock project-level financing and recurring revenue starting in 2027; expansion capacity opportunities and power-service agreements further support long-term scale. Analyst consensus is Strong Buy / Moderate Buy with average price targets in the $6.4–6.5 range (implying nearly 200% upside from recent levels near $2.17), reflecting the value of the secured power pipeline in a capacity-constrained AI infrastructure market. My bullish thesis: Converting powered sites into signed, long-term AI leases could materially strengthen KEEL’s valuation case!