Drax's Data Center Plan Boosts Stock

Drax Groups stock surged by six percent, closing at seven hundred forty-six point five pence, following analysts suggestions that the companys two hundred fifty-acre site could be worth as much as five hundred million pounds for data hosting. This potential development could give Draxs biomass power plant a new lease on life and reflects a broader trend of utilities becoming increasingly attractive as they are well-positioned to power the AI and cloud computing boom.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.