2 hours ago
2
Blockspace Staff
Mon, April 6, 2026 astatine 8:37 AM CDT 1 min read
Investment slope Keefe, Bruyette & Woods (KBW) is maintaining its terms people connected Keel Infrastructure NASDAQ: KEEL), formerly BitFarms (NASDAQ: BITF) per a caller enactment published Monday. The AI/HPC infrastructure steadfast began trading arsenic wholly U.S. domiciled steadfast nether a caller institution marque Monday.
KBW kept its terms people astatine $3 portion noting that equity worth upside is present tied to leasing execution astatine circumstantial powerfulness sites. Analyst Stephen Glagola stated that the existent banal valuation apt reflects imaginable deals astatine the Moses Lake and Sharon locations. He indicated that further gains beryllium connected securing Notice to Proceed presumption and permits for the Panther Creek site.
The slope lowered its 2026 gross expectations to $156 cardinal from a erstwhile $234 cardinal estimation owed to reduced mining projections. Glagola forecasted a 2026 EBITDA nonaccomplishment of $76.6 cardinal and a GAAP nonaccomplishment of $0.38 per share. These figures bespeak the planned wind-down of the 14.8 EH/s mining fleet during 2026 arsenic powerfulness costs emergence successful Québec and Washington.
Despite the lowered estimates, KBW expressed assurance successful the company’s quality to money $265 cardinal successful estimated superior expenditures without a caller superior raise. This outlook is supported by $520 cardinal successful full liquidity and the pending $25.3 cardinal merchantability of operations successful Paraguay. The expert noted that Keel has capable runway to scope the permitting milestones required for its 382MW pipeline.
English (CA) · 
English (US) · 
Spanish (MX) ·