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MarketBeat
MarketBeat
Jeffrey Neal Johnson

Alphabet's $1.8 Billion Black Hills Deal Powers AI Data Center Push

Artificial intelligence (AI) hyperscaling has hit a physical wall. Tech conglomerates spent the past two years securing semiconductor chips, but powering those processors requires electricity levels the current grid cannot supply.

Alphabet (NASDAQ: GOOGL) recently signaled a solution, executing a definitive agreement to directly finance a natural gas and microgrid expansion with Black Hills Corp (NYSE: BKH) in Cheyenne, Wyoming.

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