Texas Pacific Land Corporation (TPL) announced a strategic agreement with Bolt Data & Energy, Inc. to develop large-scale data center campuses on TPL land.
Bolt, co-founded by Eric Schmidt, aims to create the largest data center company worldwide by combining energy production, data infrastructure, and vast land holdings in North America.
The partnership includes a significant capital raise, equity interest, and a right of first refusal for TPL to supply water to Bolt-affiliated projects.
Strategic Partnership
TPL and Bolt are collaborating to create a leading data center company leveraging abundant energy production and scalable infrastructure.
Investment Details
Bolt raised $150 million with $50 million investment from TPL, showing TPL's commitment to the partnership.
Long-Term Vision
The goal is to establish West Texas as a global hub for AI compute infrastructure, utilizing TPL's vast land assets and Bolt's expertise.
Technological Innovation
Bolt's focus on energy production and fast deployment aims to revolutionize data center operations and boost American leadership in AI.
- The agreement positions West Texas as a prime location for AI compute infrastructure, benefiting from abundant energy resources and supportive regulatory conditions.
- TPL's ownership of nearly one million acres combined with Bolt's technology leadership is set to drive significant growth in data center development in the region.
The collaboration between TPL and Bolt marks a strategic move towards establishing a cutting-edge data infrastructure in West Texas, aiming to propel the Fourth Industrial Revolution and enhance American leadership in technology.