Texas Pacific Land (TPL) announced a strategic agreement with Bolt Data & Energy to develop and enable large-scale data center campuses and supporting infrastructure across TPL land. As part of the agreement, Bolt raised $150M of capital with $50M invested by TPL. TPL will receive an equity interest, warrants, and a right of first refusal to supply water to Bolt-affiliated projects and related infrastructure. Bolt is currently pursuing commercial partnerships and anchor customers to develop large-scale data centers on TPL land.
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