Keel Infrastructure Pivots Three Bitcoin Sites to AI Campus

Keel Infrastructure Corp has received the green light from the City of Sherbrooke to consolidate three of its existing Bitcoin mining sites into one large artificial intelligence campus. This move involves transferring 96 megawatts of electrical capacity to a single location. By utilizing existing power infrastructure rather than requesting new capacity, the company is keeping its project aligned with local energy priorities in the province.

The shift highlights a growing trend among digital infrastructure firms that are repurposing sites previously used for mining to support the high demand for artificial intelligence and high performance computing. This strategic pivot aims to capture capital moving toward AI infrastructure, even as some analysts caution about the significant funding requirements for such a transition.

The project still requires final sign off from the Québec Ministry of Economy, Innovation and Energy. Additionally, the land purchase for the new site is subject to standard checks and municipal approvals. Keel expects the deal to conclude in the first quarter of 2027. Investors will be watching to see if the company can complete this transition while maintaining its foothold in the region.