On July 20, Keel Infrastructure rose 9.62% in regular trading, trading at $4.2975/share, with turnover of $22.44 million.

On the news front, the company recently received formal approval from city authorities to assume and operate a 96-megawatt power capacity resource, while simultaneously completing the acquisition of a strategic land parcel designated for new data center construction. The combination of secured power supply and dedicated land positions the company to strengthen its competitiveness in the rapidly growing cloud services and data hosting markets.

Keel Infrastructure, formerly known as Bitfarms, completed its redomiciliation from Canada to the United States in April and rebranded to focus on developing data centers and energy infrastructure for high-computing workloads including artificial intelligence. The sector showed broad strength, with peers IREN Ltd up 16.24% and Hut 8 Mining Corp up 13.44%, creating a strong linkage effect across digital infrastructure names.

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