Black Hills Corporation: Initiation of Coverage – Targeted Growth in Data Centers and Blockchain Ventures

Black Hills Corporation has reported a strong performance for the first quarter of 2024, demonstrating a positive trajectory with an 8% increase in earnings per share compared to the same period last year. This growth was propelled mainly by new rates, rider recovery, and expanded margins in data centers and blockchain technologies, along with efficient expense management. These gains helped to offset several challenges including milder weather, increased inflation, and heightened interest rates.