AI Infrastructure Stocks With Power Access Retail Investors Should Watch

Oracle’s troubled Project Jupiter loans, roughly $18b tied to a delayed New Mexico data centre build, have put fresh spotlight on who really carries the risk in AI infrastructure. As banks wrestle with distressed debt and political pushback, more investors are asking which stocks might benefit from this pressure instead of being caught by it. This article examines three U.S. data centre and utility infrastructure companies that are exposed to the same news, all screened for relatively conservative balance sheets and measured risk profiles, and discusses how that backdrop could shape their opportunity set.

The stocks covered below are just a sample of the idea, and the full screen surfaced 61 more U.S. data centre and utility infrastructure companies with equally compelling ESG and balance sheet stories that are not discussed here. To go deeper, head straight into the ESG-Resilient Data Centre and Utility Infrastructure screener to identify, filter, and analyze the highest-conviction fits for your own watchlist.

Overview: Soluna Holdings runs modular data centres that power cryptocurrency mining, hosting and high-performance computing services, closely tied to energy infrastructure.

Operations: Soluna Holdings generates about $31 million from data center hosting, $9 million from cryptocurrency mining, and $1 million from demand response services.

Market Cap: $291 million

Soluna Holdings sits squarely in the screener’s sweet spot because it links real-world power infrastructure with scaled compute capacity. This capacity can, at least in principle, pivot toward AI workloads as energy access becomes more critical for large data centre projects.

“I assume that locating computing facilities close to renewable-generation assets could provide Soluna with advantages in energy availability, project development or operating cost.”

What happens if a single assumption about how quickly those renewable-backed sites secure long-term AI tenants proves either very right or very wrong?

If that timing question matters to you, read the full narrative for Soluna Holdings to see how Soluna Holdings could react if AI demand accelerates or stalls around those renewable sites.

Overview: Keel Infrastructure develops high power data centre and energy sites for AI and high performance computing workloads across North America.

Operations: Keel Infrastructure generates about US$188 million from cryptocurrency mining, with roughly US$91 million from Canada and US$97 million from the United States.

Market Cap: US$2.2b

Keel Infrastructure matters here because it is trying to turn previously crypto focused power and land into grid linked capacity for AI data centres. This comes as the Oracle Project Jupiter strain reminds investors that not every developer can secure this kind of energy footprint on acceptable terms.

“Secured access to approximately 2.2 gigawatts of power and land across high demand, high barrier markets like Pennsylvania, Washington and Quebec positions Keel to benefit as AI data center developers compete for scarce energy capacity, which could support long term revenue visibility as leases are signed.”

What happens if a single assumption about how quickly that AI focused lease book fills shifts the balance between strong demand and pricing power?

That pricing tension sits at the heart of the story, and the full narrative for Keel Infrastructure explains how Keel Infrastructure could translate accelerating AI demand into durable, contract driven cash flows.

Overview: Digi Power X develops U.S. Tier 3 data centers tied directly to power assets, giving investors exposure to physical AI and compute infrastructure.

Operations: Digi Power X generates about $14 million from colocation services, $14 million from energy and electricity sales, and $2 million from cryptocurrency mining.

Market Cap: $417 million

Where Oracle’s Project Jupiter highlights how messy giant, single site builds can become, Digi Power X offers a more modular approach to marrying data centers with energy infrastructure. This fits cleanly with this screener’s focus on permitted, utility linked capacity.

“Conversion of existing power assets into Tier 3 AI data centers through the ARMS 200 platform positions the company to supply compute capacity into a market where AI workloads are growing quickly, which can support higher utilization of its close to 200 megawatts of 2026 power availability and feed into revenue and EBITDA.”

The real swing factor is what happens if a single assumption about long term AI tenant commitments across that power footprint proves wrong.

If that swing factor matters to you, read the full narrative for Digi Power X to see how Digi Power X could turn accelerating AI demand into long run cash flow resilience.

Seeking Fresh Alternatives Before Momentum Flies

Markets move fast and the strongest ideas rarely stay under the radar for long. To spot fresh momentum, assess potential breakouts and pressure test your next moves before the crowd, act now.

• Target companies aiming for durable income streams and use the 6 dividend fortresses to spot high yielders that could keep paying even when sentiment drops.
• Track computing trends that are accelerating behind the headlines and run the 89 AI infrastructure stocks to find physical picks that may benefit as AI demand reshapes power and data capacity.
• Pinpoint early movers in materials and use the 16 top copper producer stocks to scan producers that might participate in the next leg of electrification related spending.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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