Why Oklo Shares Are Moving Higher

Oklo Inc. OKLO shares are trading higher after the company announced Thursday a partnership with Wyoming Hyperscale.

The Details: Oklo agreed to supply clean power to a state-of-the-art data center campus owned by Wyoming Hyperscale.

Through the partnership, Oklo would supply 100 megawatts of clean power to the data center for the next 20 years.

Specifically, the companies signed a non-binding letter of intent to work together on a 20-year power purchase agreement.

The letter emphasized Oklo’s dedication to delivering dependable and scalable clean energy solutions to meet the growing electricity demands fueled by global digitalization and the adoption of artificial intelligence.

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Trenton Thornock, founder and managing member of Wyoming Hyperscale said, “Our goal is to create data centers with minimal environmental impact. This collaboration with Oklo perfectly aligns with our vision for sustainable, efficient operations. By merging sustainability with advanced technology, we are setting a new standard for the future of accelerated computing.”

OKLO Price Action: At the time of writing Oklo stock is trading 14.9% higher at $8.72 per data from Benzinga Pro.

Image: Courtesy of Oklo, Inc.