BKH stock rises as the utility moves forward with a 1.8 GW data center in Cheyenne despite losing partner Crusoe.
Black Hills Corp shares surged 6.1% after announcing it will proceed with its 1.8 GW data center project in Cheyenne, Wyoming, without data center developer Crusoe. The company confirmed the project remains on track despite the partner’s exit.
The project, initially planned with Crusoe, aims to support growing demand for energy-intensive data infrastructure. No prior financial commitments or timelines were disclosed, but the utility’s decision signals confidence in the venture’s viability.
The stock’s gain reflects investor optimism about the project’s potential to drive long-term revenue growth for the utility.