Jim Cramer Eyes Ex-Bitcoin Miner’s AI Power Pivot as Hedge Fund Bets Big
Jim Cramer used his July 22 Mad Money episode to level traders towards Keel Infrastructure (KEEL), a former Bitcoin miner turned AI information heart developer. He cited a hedge fund’s increasing stake as the explanation to concentrate.
What Cramer Flagged
Cramer highlighted Situational Awareness LP, the fund run by AI researcher Leopold Aschenbrenner, as a notable KEEL holder. Regulatory filings present the fund grew its place by 188% within the first quarter of 2026. It now holds practically 20 million shares, up from roughly 6.9 million.
Fresh analyst protection backs up the timing. BTIG initiated KEEL at Buy on July 22 with an $8 worth goal. That implies roughly 72% upside from the inventory’s $4.65 shut. The agency pointed to Keel’s energy portfolio as the important thing asset. It additionally famous that hyperscalers and AI enterprise prospects have signed round 10 colocation contracts totaling roughly 2 gigawatts throughout the sector this 12 months.
The Company Behind the Ticker
Keel Infrastructure is the rebranded successor to Bitfarms. The firm accomplished its shift from Canadian Bitcoin miner to Delaware-based AI infrastructure developer in April. It now controls a 2.2 gigawatt energy pipeline throughout Pennsylvania, Washington, and Quebec. But it nonetheless hasn’t landed its first hyperscale colocation contract, the catalyst BTIG and different analysts are waiting for.
Keel additionally carries a debt-to-equity ratio above 140% and damaging free money circulation. Execution danger stays actual even as the facility pipeline attracts bullish protection. The inventory’s 52-week vary, from $0.98 to $7.37, exhibits simply how sharply sentiment swings on AI infrastructure names which can be nonetheless ready on a signed buyer.
Should Investors Trust Cramer’s Read
Cramer’s Keel feedback comply with a rougher stretch for his different tech calls. BeInCrypto has tracked the Inverse Cramer pattern by this earnings season, together with Intel’s slide hours after Cramer named it his favourite inventory. That historical past offers KEEL bulls a cause for warning alongside the bullish sign.
Still, the Situational Awareness stake predates Cramer’s endorsement by greater than 1 / 4. And BTIG’s goal displays a selected catalyst analysts are monitoring, not blanket enthusiasm for the crypto-to-AI pivot commerce.
That commerce has additionally produced disappointments, together with American Bitcoin’s post-IPO stagnation.
Whether Keel indicators a hyperscaler deal will resolve which learn on this one ages higher, not Cramer’s airtime.
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