Black Hills Corp shares rise 5% on Google data center contract announcement
BKH Black Hills Corp
$70.74 +0.37%
View chart & analysis → - 1Black Hills Corp shares rose 5% in Tuesday after-hours trading.
- 2Black Hills Corp will invest $1.8 billion in new natural gas power generation between 2027 and 2029 to support Google's data center in Cheyenne, Wyoming.
- 3Google provided Black Hills Corp with a $399 million refundable advance for long-lead time equipment procurement.
So what's the key point?
Black Hills Corp decided to invest $1.8 billion in natural gas power plants to support Google's data center. The company's stock price rose after receiving an advance payment from Google.
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