Texas Pacific Land Corporation Takes Minority Stake in Bolt Data & Energy
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Texas Pacific Land Corporation (TPL) has invested $50 million in Bolt Data & Energy, Inc. to develop large-scale data center campuses on TPL land in West Texas. TPL will receive an equity interest, warrants, and a right of first refusal to supply water to Bolt-affiliated projects. Bolt raised $150 million in capital for this collaboration, which aims to leverage TPL's land and expertise for data center infrastructure powered by conventional and renewable energy sources.
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