Keel Infrastructure Stock Jumps 7.7 Percent on Data Center Plans

Former OpenAI researcher Leopold Aschenbrenner is seeing strong gains on his recent investment. Keel Infrastructure added about 148 million dollars to its market cap overnight after its stock rose 7.7 percent. This jump follows positive updates regarding a proposed 96 megawatt data center in Sherbrooke, Canada. Aschenbrenner disclosed a position in the company worth roughly 151 million dollars in August, and that stake has now climbed to about 162 million dollars following the recent price action.

Sherbrooke officials recently outlined the approval process and timeline for the project. The company has two main paths forward. Plan A involves building a new high performance computing and artificial intelligence campus, while Plan B would convert three existing Bitcoin mining sites into data centres if the new campus hits roadblocks. City officials note that a final land sale agreement could be signed in 2027 if all conditions are met.

The positive momentum highlights growing interest in companies transitioning from traditional mining to artificial intelligence infrastructure. While final approvals are still pending, the initial progress is already boosting investor confidence and pushing share prices higher. Traders will be watching for further updates from Sherbrooke officials regarding the municipal and provincial approval timeline.