Shapiro just raised the bar on PA data centers and it’s a massive filter.
Speculative projects without real power? Dead.
Amazon wanting to drop a massive new DC in Pennsylvania? Good luck starting from
scratch.
The winners are the ones who already control the power and have
Shapiro just dropped the nation’s strictest data center rules in PA.
Bring your own power. Pay for every kWh yourself. Local community veto. No more NDAs. Fast track? Gone.
2027/2028 power just got a lot more valuable and management saw this coming. The regulatory squeeze was
After going through the $KEEL earnings call, my thesis is fully intact.
The numbers were always going to look messy with the Bitcoin wind down and non cash charges. That’s noise.
What actually matters: $819M in liquidity, oversubscribed $458M convert, active negotiations across
