Bolt Data & Energy Partners with Texas Pacific Land Corporation for West Texas Data Center Development, Secures $150M Fundraise

Bolt Data & Energy has partnered with Texas Pacific Land Corporation (TPL) to develop large-scale data center campuses across TPL's extensive landholdings in West Texas, particularly within the Permian Basin. As part of this strategic alliance, Bolt successfully raised $150 million in capital, with TPL contributing $50 million of this investment. In exchange for its capital, TPL will receive an equity interest, warrants, and a right of first refusal to supply water to Bolt's projects. This collaboration aims to leverage West Texas's abundant energy resources, skilled workforce, and supportive environment to establish a significant hub for AI compute infrastructure, with Bolt seeking further commercial partnerships and anchor customers.

Counterparts (3)

Developer

Bolt Data & Energy

company

Bolt Data & Energy is a developer, owner, and operator of mission-critical digital infrastructure and sustainable energy solutions, including data centers, fiber networks, renewable energy generation, and EV charging infrastructure. The company operates across North America, Europe, and Asia.

Investor

T

Texas Pacific Land Corporation (TPL)

company

Dallas-based land and resource management company owning over 880,000 acres in West Texas. Generates revenue from oil and gas royalties, water sales, and land leases for various infrastructure developments including renewable energy.

Partner

T

Texas Pacific Land Corporation (TPL)

company

Dallas-based land and resource management company owning over 880,000 acres in West Texas. Generates revenue from oil and gas royalties, water sales, and land leases for various infrastructure developments including renewable energy.