Black Mountain Power Acquires Major San Antonio Land Parcel for Potential Data Center Development
February 5, 2026
The relentless expansion of the data center industry into power-rich regions continues, with Texas remaining a focal point for hyperscale development. The latest move involves a significant land acquisition in San Antonio, signaling further growth in a state already experiencing a surge in digital infrastructure investment.
According to Bexar County property records, Black Mountain Power LLC acquired a 432-acre tract of land at the intersection of State Highway 16 and Lone Star Pass last month. The seller was energy exploration firm Ballard Exploration Co. Inc., which also provided Black Mountain with approximately $64.5 million in financing as part of the transaction. While the company's immediate plans for the site were not disclosed, industry observers note the scale and location are typical for a large-scale data center campus. Founded in 2007, Black Mountain is primarily an energy company with investments in oil, gas, and lithium mining, but it has been actively expanding into adjacent infrastructure sectors. The firm is known to be targeting battery storage, water, and carbon capture projects, and has publicly entered the data center market. This acquisition aligns with its broader "Texas powered‑land strategy for hyperscale data centers," a plan backed by credit financing secured from Elda River Capital Management in November 2025.
The company's founder and CEO, Rhett Bennett, previously stated that "Black Mountain Power was built to meet surging demand for power‑proximate, shovel‑ready data center locations in Texas." Bennett also told the Public Utility Commission of Texas last month that the company is developing more than 15 data center projects across the state, including a previously filed proposal for a 450-acre campus in the Fort Worth area. This latest land purchase underscores the intense competition for suitable, scalable sites in key U.S. markets. For San Antonio, it represents a potential major capital investment and a further entrenchment of Texas as a dominant hub for data infrastructure, driven by its business-friendly environment and access to energy resources.
Source: datacenterdynamics
