StocksMedium•3 November 2026•
1 min read
Drax Shares Surge 8% on $26.8 Billion AI Data Center Deal with Brookfield
Key Facts
1Drax shares surged 8% following the announcement of a partnership with Brookfield and Radiant for a massive data center project.
2The potential investment for the project exceeds £20 billion ($26.8 billion) at a former power station site in England.
Drax shares surged 8% following the announcement of a strategic partnership with Brookfield and Radiant to develop a massive data center project. Investing.com reported that the potential investment for the venture exceeds £20 billion ($26.8 billion), as the partners aim to establish a 1-gigawatt AI data center at a former power station site in England.
The partnership reflects a growing trend of repurposing energy infrastructure to support advanced computing requirements. Alongside this development, Brookfield Corporation stock, trading under the ticker BN, closed at $41.46 on November 2, 2026, after reaching a session high of $41.92.