Funding from Elda River Capital accelerates BMP’s pipeline, enabling power-centric, shovel-ready site development for hyperscale data centers.
Black Mountain Power LLC (“Black Mountain Power,” “BMP,” or the “Company”) announced it has secured a strategic credit financing from affiliates of Elda River Capital Management, LLC (“Elda River”) to advance BMP’s Texas powered‑land strategy for hyperscale data centers.
Founded in 2024 and headquartered in Fort Worth, Texas, BMP is a leading company advancing Texas data center development with a focus on advancing projects through land control, permitting, power contracting and interconnection, regulatory approvals, and construction.
The Company targets sites with sizable land positions, high‑voltage power access, advantaged interconnection positioning, and favorable jurisdictions and permitting.
Black Mountain Power was built to meet surging demand for power‑proximate, shovel‑ready data center locations in Texas.”
— Rhett Bennett, Founder and CEO
“Black Mountain Power was built to meet surging demand for power‑proximate, shovel‑ready data center locations in Texas,” said Rhett Bennett, Founder & CEO, Black Mountain Power. “Elda River’s support strengthens our ability to advance our project portfolio and secure power so that we can deploy data center solutions at scale across ERCOT.”
“BMP sits at the intersection of grid infrastructure and compute growth,” said Michael Dean, Partner at Elda River. “We are pleased to support a disciplined team with commercial momentum and to help accelerate power‑centric site development for hyperscale demand in Texas.”
The financing underscores BMP’s focus on disciplined execution and capital‑efficient development to capture early‑mover premiums in data center development.
Kelly Hart & Hallman LLP served as legal counsel to BMP; Eversheds Sutherland (US) LLP served as legal counsel to Elda River.
Catch more Fintech Insights : The Disappearing Payment: How Embedded Finance Is Quietly Reshaping B2B Transactions?
[To share your insights with us, please write to psen@itechseries.com ]
