Stock Track | Keel Infrastructure Corp Soars 5.00% in Intraday Trading Following Completion of Paraguay Site Sale

Stock Track

04/22

Keel Infrastructure Corp's stock price surged 5.00% during intraday trading on Wednesday, showing significant investor interest in the company.

The sharp increase appears to be linked to the company's announcement that it closed the sale of its 70-megawatt site in Paso Pe, Paraguay, to Sympatheia Power Fund for approximately $13 million. While the final sale price was lower than the original $30 million target due to deterioration in Bitcoin mining economics and broader macro factors, the completion of this transaction represents a significant corporate milestone.

With this sale, Keel Infrastructure has now exited all of its Latin American assets and established a 100% North American portfolio, marking a strategic shift in the company's geographic focus that investors seem to be viewing positively.

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