US Stock Market Move | Pro Petroleum Holding (PUMP.US) rises by over 15% with the long-term power supply contract for the data center.
As of the time of writing, the stock has increased by more than 15%, reaching $7.285.
On Monday, Propetro Holding (PUMP.US) stock price rose, reaching a 15% increase to $7.285 USD at the time of writing. The company had previously announced that its PROPWR business unit had signed a long-term power supply agreement with a large-scale data center operator in the Midwest of the United States.
The agreement commits ProPetro to provide 60 megawatts of power to the data center through a hybrid power solution consisting of natural gas generators and battery storage systems. This signifies a substantial commercial partnership between ProPetro and a leading data infrastructure operator, seen as a significant milestone in the company's strategic transformation.
The announcement indicated that the contract includes provisions for expansion and extension, allowing for the scaling up of the cooperation based on the customer's energy demand growth. The project is expected to be deployed and operational in the second quarter of 2026.
President of PROPWR, Travis Simmering, stated: "This agreement demonstrates our commitment to providing cutting-edge, highly reliable energy solutions for data center infrastructure development."
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