I claim that the property is true in every de Morgan algebra, whenever the expressions in it make sense (on either side). The issue about making sense is that when $I$ is infinite, the expression $\bigwedge_{i\in I}x_i$ refers to the greatest lower bound of the set of $x_i$ for $i\in I$, and in general there may be no such element of the algebra that is such a greatest lower bound. It is a kind of completeness property to assert that there is such an element as $\bigwedge_{i\in I}x_i$.
But I claim that in any de Morgan algebra in which $\bigwedge_{i\in I}x_i$ exists, then your equation is satisfied. $$\sim(\bigwedge_{i\in I}x_i)=\bigvee_{i\in I}\sim ${\sim}\Bigl(\bigwedge_{i\in I}x_i\Bigr)=\bigvee_{i\in I}{\sim} x_i$$ To see this, observe first that $\sim$ must be order-reversing: if $x\leq y$ in the lattice, then this means $x\wedge y=x$, which implies $\sim(x\wedge y)=\sim x\vee\sim y=\sim {\sim}(x\wedge y)={\sim} x\vee{\sim} y={\sim} x$, which means $\sim {\sim} y\leq \sim {\sim} x$.
Now, if $x=\bigwedge_{i\in I} x_i$ exists, then $x$ is the greatest lower bound of the $x_i$. In particular, $x\leq x_i$ and so $\sim {\sim} x_i\leq \sim {\sim} x$ and so $\bigvee_i \sim {\sim} x_i\leq \sim {\sim} x$ for every $i\in I$. But also, any other upper bound $y$ of the $\sim {\sim} x_i$ would have $\sim {\sim} y$ as a lower bound of the $x_i$, which would lead by the definition of $x$ to $\sim {\sim} y\leq x$ and so $\sim {\sim} x\leq \sim\sim {\sim\sim} y=y$. Thus, $\sim {\sim} x$ is a least upper bound of $\sim {\sim} x_i$ for $i\in I$ and so your equation $$\sim(\bigwedge_{i\in I}x_i)=\bigvee_{i\in I}\sim ${\sim}\Bigl(\bigwedge_{i\in I}x_i\Bigr)=\bigvee_{i\in I}{\sim} x_i$$ is true whenever it makes sense. (A similar argument works when the other side is defined.)

