Keel Infrastructure (KEEL) Stock Jumps 5% Overnight — What’s Driving the Move?

TLDR

• KEEL surged over 5% in overnight U.S. trading after closing up 12.33% on the Toronto Stock Exchange Friday, when U.S. markets were shut for Juneteenth.
• The stock has gained more than 738% over the past year and over 217% since April 1.
• Keel Infrastructure rebranded from Bitcoin miner Bitfarms in April 2026, pivoting to AI and high-performance computing infrastructure.
• The company raised $458 million to fund its Panther Creek, Sharon, and Moses Lake data center projects.
• KEEL is set to join the Russell 3000 Index on June 29, which is expected to increase institutional visibility.

Keel Infrastructure Corp (KEEL) jumped more than 5% in overnight U.S. trading late Sunday, catching up to a 12.33% gain posted on the Toronto Stock Exchange on Friday when U.S. markets were closed for Juneteenth National Independence Day.

The stock closed at $6.29 in its last U.S. session before the holiday, up 5.4% on the day, with higher-than-average trading volume.

The gap between the Canadian and U.S. price was the main driver of the overnight jump, not a new catalyst.

Still, investor excitement is building around several other factors. The company is slated for inclusion in the Russell 3000 Index on June 29. That kind of index addition typically draws in passive funds and boosts a stock’s institutional profile.

From Bitcoin Miner to AI Infrastructure Play

The company formerly known as Bitfarms completed a corporate rebrand and U.S. redomiciliation in April 2026, emerging as Keel Infrastructure Corp with a focus on AI and high-performance computing data centers.

That pivot has clearly caught the market’s attention. KEEL is up more than 738% over the past year and has added over 217% since April 1 alone.

The company recently raised $458 million to push its Panther Creek, Sharon, and Moses Lake data center projects through the leasing stage. Management says it now has enough liquidity to fund development without needing additional capital raises in the near term.

Investors are watching closely for hyperscaler leasing agreements, which are widely seen as the next major catalyst for the stock.

What the Numbers Say

Despite the stock’s run, the financials tell a more complicated story. Keel is expected to post a quarterly loss of $0.09 per share in its upcoming earnings report, a swing of -350% year over year.

Revenue is forecast at $35.68 million, down 54.1% from the same quarter last year.

The consensus EPS estimate has also been revised 6.3% lower over the past 30 days. Zacks currently rates the stock a #3 (Hold).

That combination — falling earnings estimates alongside a surging stock price — is worth keeping in mind for anyone sizing a position here.

The next confirmed milestone is the Russell 3000 Index inclusion, scheduled for June 29, 2026.

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