business / news / / CNBC
Oracle was issued a warrant to purchase up to 3.53 million shares of Bloom Energy.
Oracle received a warrant to buy 3.53 million Bloom Energy shares at $113.28 each.
KEY POINTS
- Oracle's warrant is already worth $316 million more due to Bloom's stock surge to nearly $203.
- Oracle has contracted 1.2 gigawatts of Bloom capacity, with plans to procure up to 2.8 gigawatts.
- Bloom's fuel cells will power Oracle's U.S. data centers, with deployment completion targeted for 2027.
- Bloom's market cap has surpassed $50 billion, driven by demand from AI data center developers.
COMPANIES
Summarized by Newsio from CNBC. How we summarize →