Keel Taps PowerSecure for Backup Power at Moses Lake Data Center
Keel Infrastructure (NASDAQ: KEEL) has signed an agreement with Southern Co.’s PowerSecure to supply backup power for its Moses Lake data center campus in Washington, advancing the former bitcoin miner’s conversion of the site for AI high-performance computing.
PowerSecure will design and deliver a standby power system that can expand alongside the campus, the supplier said in an announcement on Wednesday. The companies did not disclose the contract’s value, generation capacity or installation schedule.
Keel is developing Moses Lake into an 18-megawatt facility after stopping bitcoin mining there on April 28. As of Aug. 7, the site had not yet begun high-performance computing operations or generated related revenue, according to the company’s quarterly filing.
The backup system will use PowerSecure’s modular PowerBlocks, which combine onsite generation, controls and electrical infrastructure. It is also designed to support peak shaving, reducing demand on the grid during periods of high electricity use. PowerSecure said the companies began working together earlier this year.
The agreement follows equipment deliveries as Keel prepares the campus for computing customers. In its Aug. 10 earnings update, the company said the first Vertiv modules had arrived at Moses Lake, alongside other equipment with long delivery times. It also reported negotiations with prospective tenants across Moses Lake and its Panther Creek and Sharon projects in Pennsylvania, while environmental permit applications were progressing.
PowerSecure’s announcement did not identify a tenant or disclose a customer lease for Moses Lake. Keel’s first-quarter presentation listed 2027 as the earliest date the campus could be ready for service, with lease execution targeted for 2026.
Keel emerged from Bitfarms’ April redomiciliation from Canada to the United States and rebranding, part of a shift toward infrastructure for artificial intelligence and other computing workloads.
The company said in August that it had completed decommissioning all U.S. bitcoin mining operations. It reported about $819 million in liquidity as of Aug. 7, comprising $698 million in unrestricted cash and $121 million in bitcoin, following a $458 million convertible-note offering during the second quarter.a
