Keel Infrastructure Corp. (KEEL) shares surged over 5% in overnight trading. The stock gained 12.33% on the Toronto Stock Exchange during the previous session.
The company recently pivoted to developing AI and high-performance computing infrastructure. A recent $458 million capital raise provides liquidity for these data center projects.
Keel Infrastructure will join the Russell 3000 Index on June 29. This inclusion is expected to increase investor demand for the stock.