Keel Infrastructure Raises $458M, Gains Over 5% Ahead of Russell 3000 Entry
KEEL•Keel Infrastructure raised $458 million to fund its Panther Creek, Sharon and Moses Lake AI data center leasing projects and expects inclusion in the Russell 3000 Index on June 29. Shares climbed over 5% in U.S. premarket trading following a 12.3% gain on the Toronto Stock Exchange, buoyed by bullish retail sentiment.
1. Overnight Trading Surge
Shares of Keel Infrastructure climbed more than 5% in U.S. premarket trading after posting a 12.3% gain on the Toronto Stock Exchange Friday when U.S. markets were closed for Juneteenth. Investors attributed the move to carryover Canadian gains and growing bullish retail sentiment.
2. $458M Funding Round
The company secured $458 million to advance its Panther Creek, Sharon and Moses Lake data center projects through the leasing stage, providing sufficient liquidity to complete development and pursue landmark hyperscaler agreements.
3. Russell 3000 Index Inclusion
Keel Infrastructure will be added to the Russell 3000 Index on June 29, positioning the stock for greater institutional visibility and potential passive inflows from index-tracking funds.
4. Pivot to AI Infrastructure
Formerly focused on Bitcoin mining, Keel Infrastructure rebranded in April 2026 to develop AI and high-performance computing facilities, driving investor optimism around new growth avenues and strategic partnerships.
