Elda River expands investment in Black Mountain Power to over $200M for Texas digital infrastructure sites

Type: Investment · Technology: Telecom · Country: United States · Value: $200M · Announced: 2026-07-16

Elda River announced an investment of more than $200 million into Black Mountain Power to fund the expansion of digital infrastructure sites across Texas. The financing will support interconnection-related requirements as BMP advances its portfolio through ERCOT's large‑load interconnection process. The sites are positioned to serve hyperscale cloud providers requiring power‑proximate, shovel‑ready locations within the ERCOT market. Elda River’s expanded commitment reflects confidence in rising demand for power‑adjacent digital infrastructure and aims to capture early‑mover premiums for BMP’s land development projects. The deal underscores BMP’s role as a leading developer of Texas‑based digital infrastructure and provides the capital needed to keep projects on hyperscaler timelines.

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