Keel Infrastructure Corp.

Southern Company subsidiary PowerSecure has agreed with Keel Infrastructure Corp. to provide a fully integrated backup resiliency solution for Keel's data center campus in Moses Lake, WA. Under the agreement, PowerSecure will design and deliver a customized standby power system built on its modular PowerBlocks platform, which combines on-site generation, controls and electrical infrastructure, and will also support peak shaving to help the campus optimize energy use during periods of high system demand. The two companies established their partnership earlier this year and quickly aligned on system requirements and the delivery schedule for the campus. The deal expands PowerSecure's exposure to the data center industry, one of the fastest-growing sources of electricity demand, as grid constraints make it harder for new data centers to secure sufficient power through traditional utility connections. Southern Company currently carries a Zacks Rank #3 (Hold), while Keel Infrastructure carries a Zacks Rank #2 (Buy).

Keel Infrastructure, formerly known as Bitfarms, is scaling AI data center infrastructure and intends to secure three hyperscaler leases by the end of the year. The company has a 2.2-gigawatt pipeline, including 1.5 gigawatts in expansion capacity under application and evaluation, as it shifts focus to North American high-demand AI computing. Keel is winding down Bitcoin mining and expects to begin delivering orders for hyperscalers as early as 2027, when high-performance compute revenue should accelerate. Its colocation model minimizes capital expenditures by having tenants bring their own chips, positioning Keel as a landlord with steady payments and a foundation for future growth. The Scrubgrass site in Pennsylvania could add up to 1.3 gigawatts, further boosting revenue potential.