Wyoming
How Investors May Respond To Black Hills (BKH) Customer‑Funded Wyoming Data Center Infrastructure Plan
- Black Hills Corp. recently reported continued progress on its proposed 1.8‑gigawatt data center project in Cheyenne, Wyoming, including equipment procurement, over US$200,000,000 in refundable customer construction contributions, and regulatory filings to support new substation infrastructure.
- An interesting aspect is that the prospective large-load customer is directly funding long lead-time generation milestones and substation development, signaling strong commitment to this long-horizon Wyoming data center build.
- We’ll now examine how this customer-backed generation plan for the Wyoming data center could reshape Black Hills’ investment narrative and risk profile.
This technology could replace computers: discover 31 stocks that are working to make quantum computing a reality.
Black Hills Investment Narrative Recap
To own Black Hills, you need to be comfortable with a regulated utility that is leaning into large, concentrated data center load as a key growth driver, while managing heavy capital needs and regulatory scrutiny. The Wyoming data center update, with over US$200,000,000 in refundable construction contributions and long lead-time equipment secured, supports the near term catalyst around data center backed growth, but it does not remove the core risks tied to execution, regulation, and load concentration.
The most relevant recent announcement is the pending all stock merger with NorthWestern Energy, which aims to create a larger, more diversified regulated utility platform and broaden infrastructure investment opportunities. For investors watching the Wyoming data center project, this potential combination could interact with the same catalyst of tech driven load growth while also reshaping how capital, regulatory exposure, and project risk are shared across a bigger footprint.
Yet behind this growth story, investors still need to be aware that the heavy capital expenditure burden and timing of regulatory recovery could…
Read the full narrative on Black Hills (it’s free!)
Black Hills’ narrative projects $3.6 billion revenue and $578.3 million earnings by 2029. This requires 16.8% yearly revenue growth and about a $290 million earnings increase from $288.3 million today.
Uncover how Black Hills’ forecasts yield a $83.00 fair value, a 14% upside to its current price.
Exploring Other Perspectives
Simply Wall St Community members have only two fair value estimates for Black Hills, ranging from about US$68.60 to US$83.00, underscoring how far apart personal models can be. Set against the Wyoming data center backed growth catalyst, this spread invites you to weigh different expectations about how concentrated tech load and regulatory decisions may shape future performance.
Explore 2 other fair value estimates on Black Hills – why the stock might be worth 6% less than the current price!
Reach Your Own Conclusion
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
Interested In Other Possibilities?
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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we’re here to simplify it.
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Wyoming
Election Q&A: Jessica Crowder for Wyoming House District 43
CHEYENNE, Wyo. — As the Aug. 18 primary election approaches, Cap City News is introducing candidate questionnaires to help voters make informed decisions at the ballot box.
Every candidate in the primary field was sent the same three questions and given a limit of 500 words, which could be distributed among their answers as they saw fit. To ensure a fair and direct line to the community, all responses are published exactly as submitted, without edits or alterations.
Candidates were asked:
- What are the most crucial challenges your constituents are facing?
- If elected, how will you address these challenges?
- What qualities or qualifications do you possess that have prepared you to meet these challenges?
Questionnaires are being published on a rolling basis online through Aug. 11. They will be accessible via the Cap City News Election Tracker.
Jessica Crowder (R), Wyoming House District 43
What are the most crucial challenges your constituents are facing?
Wyoming is built on hard work, strong communities, and the responsible use of our natural resources. The families in House District 43 and Wyoming face real challenges — from the need for a more resilient, diverse economy to the increasing outmigration of young people. Wyoming families also face rising costs of healthcare, housing and more. House District 43 deserves a representative that puts people first and works to strengthen the place we call home through steady and thoughtful leadership.
If elected, how will you address these challenges?
As a legislator, I will use my experience working with landowners, businesses, and local governments to support the industries that define Wyoming while encouraging thoughtful growth and diversification. Our future depends on good jobs, strong schools, and communities where families can put down roots and thrive. We can honor the values that make Wyoming what it is while building something that lasts—an economy that works for working people, an education system that prepares the next generation, and communities that remain resilient and connected.
The rising cost of healthcare and the difficulty of accessing services are real challenges for Wyoming families. We need reforms that reduce costs, expand access—including to mental health resources—and meet people where they are. The 2026 Health Insurance Affordability Task Force is working to address rising costs, and I will work with this group and others to develop effective solutions that deliver the quality care our communities deserve.
Tax and housing reforms must be reviewed for possible refinement so people can afford to buy homes, stay in their homes, and build equity and pride of place. At the same time, every Wyoming county depends on a different mix of revenue, and we all rely on stable, predictable local funding for essential services. I will participate in honest, informed conversations about how to provide relief to those who need it most without jeopardizing essential services.
Wyoming’s economy depends on our core industries and new businesses that invest here. Both need clear, consistent processes and regulations so they have confidence in choosing Wyoming. Economic growth also relies on strong infrastructure and a skilled workforce. When these pieces work together—predictable regulations, reliable infrastructure, workforce readiness, and responsible budgeting—they create a stable environment that encourages growth, provides good jobs, and protects taxpayers.
What qualities/qualifications do you possess that have prepared you to meet these challenges?
I believe we maintain and create opportunity by respecting the people who live here and the land that sustains us. I grew up on a ranch and now raise my family in Laramie County, where we run a ranch and small business, so I understand the challenges facing families, landowners, and employers. With over 20 years of experience in agriculture, land management, and public policy, I’ve supported working lands, defended local interests, and strengthened communities. The values that guide this work—practical problem solving, respect for local knowledge, and a commitment to community—have broad application beyond land management and would serve me well in the legislature.
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Wyoming
Six cases of measles confirmed by Wyoming Department of Health
TETON COUNTY, Wyo. — The Wyoming Department of Health recently confirmed two additional cases of measles in Teton County, bringing the statewide total to six cases, with five cases having occurred in Teton County.
A release from the WDH states that one recently-confirmed case is an adult with no identified links to the previous three Teton County cases, while the other case is also an adult, who had direct exposure to a previously identified case.
“This underscores the highly contagious nature of the measles virus,” the release states.
According to the release, the public may have been exposed to measles at the following locations and times:
Target Jackson Hole, 510 S Highway 89, Jackson, Wyoming 83001
- July 5, 2026, 7:00 AM through 7:00 PM
- July 6, 2026, 7:00 AM through 7:00 PM
- July 7, 2026, 7:00 AM through 7:00 PM
Smith’s Food and Drug, 1425 South Highway 89, Jackson, Wyoming 83001
- July 8, 2026, 9:00 AM through noon
“Measles is very contagious and can cause serious illness, including pneumonia, encephalitis, hospitalization, and death,” the release states. “Vaccination is the best way to prevent measles infection.”
For more information on measles, including case counts, exposure locations, and guidance on what to do if exposed, visit the Wyoming Department of Health website.
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Wyoming
Bison tosses man into the air in Yellowstone national park – video
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