Microsoft’s 3,200 Acres Data Center Land Purchase—and the Utility Stock That Benefits

Microsoft's purchase of 3,200 acres in Cheyenne, Wyoming, for a data center development has positively impacted Black Hills Corp. shares, as the utility stock is expected to benefit from the increased energy demand. This move expands Microsoft's footprint in the state, where other hyperscalers like Meta Platforms are also building data centers. The development is likely to have a positive effect on the utility sector, particularly on companies that can meet the growing energy needs of data centers.