AI Boom Propels a Wild-West-Era Texas Landowner to 230% Stock Rally https://t.co/Ie2ZfIdLYk
That a landowner relying on actual picks and shovels in service of AI is outperforming a maker of tech-metaphorical AI picks and shovels is ... 2024 ironic, environmental carnage aside. AI Boom Propels a Wild-West-Era Texas Landowner to 230% Stock Rally https://t.co/Xe3mpJbsIo https://t.co/hr2vhs20nx
A century-old land owner has seen its stock soar almost 200% this year amid a scramble for AI data centers https://t.co/KlHgc8da9Q

Core Scientific is investing $6.1 billion to expand its bitcoin cryptocurrency operations into a data center hub for artificial intelligence applications, located approximately 40 miles northwest of downtown Dallas. This significant investment comes amid a broader trend where a century-old Texas landowner has experienced a remarkable stock rally of 230% this year, driven by the increasing demand for AI data centers. The surge in stock performance has positioned this landowner as one of the top market performers, reflecting the ongoing boom in artificial intelligence and its implications for traditional land use and investment strategies in the region.