Keel Infrastructure (KEEL) Left Bitcoin Behind For AI And Wall Street Sees It Doubling From Here

Keel Infrastructure Corp. (NASDAQ:KEEL) is one of the 10 Bitcoin Miners That Are Now Data Center Companies. On June 24, Citizens initiated coverage of Keel Infrastructure Corp. (NASDAQ:KEEL) with an Outperform rating and set a target price of $10. The firm expects the company to benefit from the growing need for AI-related computing and data center infrastructure.

 Keel Infrastructure Corp. (NASDAQ:KEEL) is one of the 10 Bitcoin Miners That Are Now Data Center Companies.

Citizens believes KEEL is strategically repositioning its business to capitalize on the rapid growth of AI. The company is working efficiently by converting power capacity previously used in bitcoin mining into AI-focused infrastructure. This can serve hyperscale customers with significant computing needs. Moreover, the company is expected to benefit from favorable industry dynamics that have driven strong performance across the AI infrastructure and data center sector.

On a more positive front, the firm sees a favorable outlook for KEEL as demand for AI computing infrastructure continues to grow. At the same time, the limited supply of powered data center capacity is improving market conditions for infrastructure providers. The company’s transition toward AI may diversify its revenue base and reduce its dependence on the more volatile bitcoin mining market.

Keel Infrastructure Corp. (NASDAQ:KEEL) is a digital and energy infrastructure company. It focuses on high-performance computing and artificial intelligence workloads. The company primarily owns and operates data centers housing computers to validate transactions on the Bitcoin blockchain. It was founded in 2017 and is based in New York. The company was previously known as Bitfarms Limited and changed its name to Keel Infrastructure Corp. on April 1 this year.

While we acknowledge the risk and potential of KEEL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KEEL and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: Iran Peace Deal Sends Oil Lower: Top 8 Travel Stocks to Buy Now and 10 AI Stocks That Are Surging.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1