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 point investors toward Keel Infrastructure (KEEL), a former Bitcoin miner turned AI data center developer. He cited a hedge funds expanding stake as the reason to pay attention. What Cramer Flagged Cramer highlighted Situational Awareness LP, the fund run by AI researcher Leopold Aschenbrenner, as a notable KEEL holder. Regulatory filings show the fund grew its position by 188% in the first quarter of 2026. It now holds nearly 20 million shares, up from roughly 6.9 million. Fresh analyst coverage backs up the timing. BTIG initiated KEEL at Buy on July 22 with an $8 price target. That implies roughly 72% upside from the stocks $4.65 close. The firm pointed to Keels power portfolio as the key asset. It also noted that hyperscalers and AI enterprise customers have signed around 10 colocation contracts totaling roughly 2 gigawatts across the sector this year. The Company Behind the Ticker Keel Infrastructure is the rebranded successor to Bitfarms. The company completed its shift from Canadian Bitcoin miner to Delaware-based AI infrastructure developer in April. It now controls a 2.2 gigawatt power pipeline across Pennsylvania, Washington, and Quebec. But it still hasnt landed its first hyperscale colocation contract, the catalyst BTIG and other analysts are watching for. Keel also carries a debt-to-equity ratio above 140% and negative free cash flow. Execution risk stays real even as the power pipeline draws bullish coverage. The stocks 52-week range, from $0.98 to $7.37, shows just how sharply sentiment swings on AI infrastructure names that are still waiting on a signed customer. Keel has had a successful 2026 thus far, up almost 100%. Image Source: Trading View Should Investors Trust Cramers Read Cramers Keel comments follow a rougher stretch for his other tech calls. BeInCrypto has tracked the Inverse Cramer pattern through this earnings season, including Intels slide hours after Cramer named it his favorite stock. That history gives KEEL bulls a reason for caution alongside the bullish signal. Still, the Situational Awareness stake predates Cramers endorsement by more than a quarter. And BTIGs target reflects a specific catalyst analysts are tracking, not blanket enthusiasm for the crypto-to-AI pivot trade. That trade has also produced disappointments, including American Bitcoins post-IPO stagnation. Whether Keel signs a hyperscaler deal will decide which read on this one ages better, not Cramers airtime.