TPL invests $50M in Bolt data center venture; Eric Schmidt co-founded Bolt

Texas Pacific Land Corp

TPL invested $50M as part of Bolt's $150M capital raise; receives equity, warrants, and water ROFR.
Bolt co-founded by Eric Schmidt (former Google CEO/Chairman); aims to build large-scale AI data centers on TPL's 882,000 acres.
HKAM (affiliate of TPL director Murray Stahl) plans significant equity investment in Bolt; Audit Committee reviewed conflicts.
Partnership targets power from natural gas, renewables, and nuclear to supply data centers in West Texas.

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