u/JustUhEnigma

KEEL’s management has clearly decided that negotiating against an arbitrary deadline, or forcing themselves to sign three deals by a specific date, isn’t in shareholders’ best interest!

They’re not negotiating from a position of weakness. As existing data center capacity becomes increasingly scarce, the value of KEEL’s assets should only strengthen. Why rush into a 15+ year contract just to satisfy a timeline?

Whether these deals get signed by the end of summer, the end of the year, or early next year matters far less than the terms they ultimately secure. If taking more time results in materially better economics, that’s exactly what management should be doing to maximize long-term shareholder value.

If you can’t tolerate that uncertainty or develop some patience, sell and buy VOO. The constant irrational whining over arbitrary deadlines is getting exhausting.

Something I’ve been thinking about more as we continue waiting for the first lease announcement.

On the Q2 call, Martin Toner asked Ben whether the timing could be taking longer because a tenant may want all three priority sites rather than just one.

Ben’s response was pretty interesting:

>"I can confirm that we have multiple tenants who want all 3 sites."

Obviously, the lack of an announcement by itself doesn’t mean this is what’s happening. There are plenty of reasons these negotiations can take time.

But given that we’re now further along without a lease announcement, while management continues to describe the commercial process as highly active with multiple parties at each site, I think the possibility of some kind of broader multi-site or multi-phase agreement is becoming more interesting.

Curious what everyone else thinks.

Something I’ve been thinking about more as we continue waiting for the first lease announcement.

On the Q2 call, Martin Toner asked Ben whether the timing could be taking longer because a tenant may want all three priority sites rather than just one.

Ben’s response was pretty interesting:

>"I can confirm that we have multiple tenants who want all 3 sites."

Obviously, the lack of an announcement by itself doesn’t mean this is what’s happening. There are plenty of reasons these negotiations can take time.

But given that we’re now further along without a lease announcement, while management continues to describe the commercial process as highly active with multiple parties at each site, I think the possibility of some kind of broader multi-site or multi-phase agreement is becoming more interesting.

Curious what everyone else thinks.

I’ve been watching for updates from yesterday’s DEP hearing on the PC site, but so far I haven’t seen any post-hearing recap, new documents, or any indication that anything materially changed. Given the nature of the hearing, there may be some time before we see anything.

Did anyone here attend the hearing or come across any local coverage or updates that I may have missed? Curious to hear how it went and whether anything noteworthy came up.

Added another 500 shares yesterday. Debating on what to do today. Anyone else taking advantage of the recents lows and adding to their positions? Or waiting for a catalyst?

Curious with the -10%+ drop today how many of you are adding to your position vs. just holding through it.

Engagement is pretty quiet most days despite this being the most active KEEL-related sub. I think a daily discussion thread would be a great addition.

It would be nice to have a dedicated place where everyone can discuss news, rumors, price action, questions, and anything else involving KEEL without needing to create a new post each time.

Just thought I'd throw the idea out there and see what everyone thinks.

Cold CBO campaign with broad targeting is barely delivering today.

Reach is sitting at ~85 with only a fraction of the daily budget spent. No exclusions beyond existing purchasers (now through the customer lifecycle strategy section), no obvious ad-level errors.

Anyone else noticing poor delivery today?

I think many are missing what KEEL’s US redomiciliation actually says about this team and the downstream implications.

No, this isn’t new news, but stay with me.

Moving a publicly traded company from Canada to the US, rebranding, and repositioning the entire business model around HPC/AI infrastructure is extremely challenging to pull off. Ben has said previously that only a handful of publicly traded companies have successfully achieved it.

To me, that matters when thinking about lease execution, and I don’t believe it’s being fully factored into the current “uncertainty” analysis.

If this team can navigate something as complex as a public-company redomiciliation, all the administrative and regulatory burden, while also shifting the business model, raising capital, and advancing key sites, then getting leases signed around scarce, already-secured, energized power feels like a cakewalk in comparison.

The market is waiting for the obvious proof point, signed leases.

I get that. Execution still matters. But the ability to execute is something they’ve already more than proven.

Trust Ben. Trust the team. Hold on tight.

Curious to see how many of you are still buying/adding now that we’re back above $6, versus waiting for a potential pullback to accumulate before any lease announcement.

Interested in how others are thinking about risk/reward at these levels.