Keel — the company that used to be a bitcoin miner — saw its stock jump 10% after it poached a top data center exec to run the show.
The company hired Ganesh Aiyer, a former Digital Realty executive, as its new president. His job? Lead Keel’s commercial growth and expand its power pipeline. That’s a pretty clear signal about where Keel’s headed.
The market liked the move. A lot. Aiyer brings serious data center chops from Digital Realty, one of the biggest players in the space. For a company transitioning out of mining and into infrastructure, that kind of hire matters.
Keel’s pivot from bitcoin mining to data center operations is part of a broader trend. As AI workloads explode, demand for data center capacity is through the roof. Companies that own power and land — like former miners — are in a unique position to capitalize.
The 10% pop tells you investors see the potential.
