Business
Bolt and TPL Announce Strategic Agreement to Pursue Data Center Development in West Texas
DALLAS, December 17, 2025--BOLT AND TPL ANNOUNCE STRATEGIC AGREEMENT TO PURSUE DATA CENTER DEVELOPMENT IN WEST TEXAS
About this update from Tpl Corp Ltd
[{"type":"text","content":"DALLAS, December 17, 2025--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) ("TPL" or the "Company") today announced a strategic agreement with Bolt Data & Energy, Inc. ("Bolt") to develop and enable large-scale data center campuses and supporting infrastructure across TPL land.","length":324,"tagName":"p"},{"type":"text","content":"Bolt is a data and energy infrastructure company co-founded by Eric Schmidt, former CEO and Chairman of Google, who also serves as Bolt’s Chairman.","length":147,"tagName":"p"},{"type":"text","content":""Our goal is to create the largest and most efficient data center company in the world by combining abundant energy production, efficient and scalable data infrastructure, and the largest land expansion runway in North America," said Mr. Schmidt. "By partnering with TPL, Bolt will fuel the Fourth Industrial Revolution and protect and augment American leadership in artificial intelligence."","length":412,"tagName":"p"},{"type":"text","content":"As part of the agreement, Bolt raised $150 million of capital with $50 million 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.","length":364,"tagName":"p"},{"type":"text","content":"Mr. Schmidt added: "Bolt is focused on shortening the time between demand and delivery of compute at scale. To be a reliable provider, Bolt will also focus on power production: natural gas-fueled, renewable, and ultimately, nuclear. TPL’s vast West Texas holdings and their expertise in land, energy, water, and regulatory execution makes them a uniquely capable partner."","length":382,"tagName":"p"},{"type":"text","content":""Bolt represents a significant step forward in bringing world-class technology infrastructure to West Texas," said Ty Glover, CEO of TPL. "With unmatched supply of both conventional fuel and renewable power, West Texas is a global leader for energy production. The region also benefits from a skilled workforce, a supportive regulatory environment, available water resources, and a strong entrepreneurial culture. We believe West Texas has the at...