Texas Pacific Land Corporation shares rise 1.94% premarket after Texas Critical Data Centers LLC signs a 250 MW power island agreement.

Texas Pacific Land Corporation rose 1.94% in premarket trading, with recent news highlighting a significant development involving Texas Critical Data Centers LLC, a joint venture with Sharon AI. The joint venture has signed a non-binding term sheet with Thunderhead Energy Solutions LLC to install a 250 MW power island for a planned hyperscale AI data center site in Ector County, Texas. This project, which includes financing, construction, and operation of gas-fired generation capacity, is expected to begin later this year.