$KEEL gets city approval to consolidate 3 BTC mining sites into a single 96 MW AI/HPC campus in Sherbrooke, Québec, plus a land purchase agreement ~100 miles east of Montreal (reported~$2.2M CAD) Details: >No new power requested; recategorizing existing hydro allocation from BTC to AI (which matters in Québec where new data center customers now face ~13¢/kWh (vs. legacy ~6.5¢). That rate protection could be a meaningful cost moat. >96 MW critical IT (after PUE haircut ~67-70 MW) at market colocation rates could support $150M/annual revenue, material for $KEEL (2026E revenue = $116M) >Still needs MEIE (Quebec Ministry of Economy) sign-off, not a done deal >Sherbrooke was NOT in KEEL's stated 2026 lease priority (that's Panther Creek, Sharon, Moses Lake) so this is incremental pipeline opti
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