Jim Cramer highlighted Keel Infrastructure (KEEL) during his July 22 Mad Money episode, recommending the stock to investors. According to reports from BeInCrypto, Cramer cited a hedge fund's expanding stake as the reason to pay attention to the former Bitcoin miner turned AI data center developer. The recommendation comes as the company pivots from cryptocurrency mining to artificial intelligence infrastructure development.
As reported by BeInCrypto, Situational Awareness LP, the fund run by AI researcher Leopold Aschenbrenner, has significantly increased its position in Keel Infrastructure. Regulatory filings show the fund grew its stake by 188% in the first quarter of 2026, increasing its holdings from approximately 6.9 million shares to nearly 20 million shares. This substantial position increase demonstrates institutional confidence in the company's AI infrastructure transition, with the stake predating Cramer's endorsement by more than a quarter.
According to BeInCrypto, BTIG initiated Keel Infrastructure at Buy rating on July 22 with an $8 price target, implying approximately 72% upside from the stock's $4.65 close. The firm highlighted the company's power portfolio as the key asset and noted that hyperscalers and AI enterprise customers have signed around 10 colocation contracts totaling roughly 2 gigawatts across the sector this year. Fresh analyst coverage provides additional validation for the investment thesis, with the target reflecting a specific catalyst analysts are tracking rather than blanket enthusiasm for the crypto-to-AI pivot trade.
As reported by BeInCrypto, Keel Infrastructure is the rebranded successor to Bitfarms and completed its shift from Canadian Bitcoin miner to Delaware-based AI infrastructure developer in April. The company now controls a 2.2 gigawatt power pipeline across Pennsylvania, Washington, and Quebec. However, the company has not yet landed its first hyperscale colocation contract, which analysts are watching as a potential catalyst for the stock's performance. The power pipeline represents a key asset that has drawn bullish coverage from analysts.
According to BeInCrypto, Keel Infrastructure carries a debt-to-equity ratio above 140% and negative free cash flow, indicating significant financial leverage. The stock's 52-week range from $0.98 to $7.37 demonstrates the sharp sentiment swings typical of AI infrastructure names still awaiting signed customers. The company's execution risk remains substantial despite the bullish analyst coverage, with the ultimate success dependent on securing major hyperscale contracts. Recent history shows that Cramer's tech calls have faced challenges, including Intel's decline hours after he named it his favorite stock, giving KEEL bulls reason for caution alongside the bullish signal.
