Microsoft Plans to Purchase 3,200 Acres for Data Center in Wyoming
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Microsoft (MSFT) announced its intent to purchase 3,200 acres of land to develop a datacenter in Cheyenne, Wyoming. In the announcement, Microsoft states that the company "will pay its way to ensure datacenter development doesn't increase electricity prices." The company adds: "Microsoft and Black Hills Energy have developed an innovative utility partnership in Wyoming, in which power acquisition is guided by the Large Power Contract Service tariff. The tariff requires Microsoft to directly pay for all the infrastructure upgrades and power procured by the utility necessary to serve its load." Wes Ashton, Black Hills Energy Vice President of Utilities in Wyoming and South Dakota, stated: "We have been a proud partner with Microsoft for more than a decade in Cheyenne, providing energy solutions and mission-critical electric reliability to its data center operations. That partnership supports economic growth in Wyoming, and our flexible and innovative tariff provisions allow us to meet Microsoft's expanding energy needs while protecting base retail customers from rate impacts." In afternoon trading, Black Hills shares are up $3.15, or 4%, to $75.32.
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Analyst Views on MSFT
Wall Street analysts forecast MSFT stock price to rise
34 Analyst Rating
32 Buy
2 Hold
0 Sell
Strong Buy
Current: 422.790
Low
500.00
Averages
631.36
High
678.00
Current: 422.790
Low
500.00
Averages
631.36
High
678.00
About MSFT
Microsoft Corporation is a technology company. The Company develops and supports software, services, devices, and solutions. The Company’s segments include Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of products and services in its portfolio of productivity, communication, and information services. This segment primarily comprises: Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of server products and cloud services, including Azure and other cloud services, SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (CALs), and Nuance and GitHub; and Enterprise Services, including enterprise support services, industry solutions and Nuance professional services. The More Personal Computing segment primarily comprises Windows, Devices, Gaming, and search and news advertising.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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