From Bitcoin to AI: Keel Infrastructure Corp. (KEEL)’s Big Bet

Chardan initiated coverage of Keel Infrastructure (KEEL) on April 27 with a Buy rating and $4.50 price target, highlighting KEEL’s pivot — alongside Galaxy Digital and Riot Platforms — from bitcoin mining to high-performance computing (HPC) and AI workloads. The analyst argues this shift to long-duration lease-based compute revenues could trigger a valuation re-rate for infrastructure firms that secure anchor tenants. Market impact is chiefly sectoral: potential upside for data-center/infrastructure stocks and a reallocation of capital away from pure mining operations toward firms offering stable, AI-driven compute services. The article does not present a direct bitcoin price forecast; any impact on BTC (BTCUSD) would be indirect and structural (reduced mining emphasis, changed capex dynamics) rather than an immediate price catalyst.