According to a Friday's Logic report, Meta Platforms, Inc. is reportedly approaching an agreement with Pembina Pipeline Corp. azernews Report.
This logic pointed out that Pembina is expected to partner with Canadian power generation company Kineticor to supply natural gas-fired power generation to the facility.
The final terms are still under negotiation, but sources say the announcement of the regulatory framework could come earlier than today, with approval pending.
Following the report, Pembina Pipeline shares surged 5.54% at 2:22pm during Friday trading session.
If confirmed, the deal marks a significant expansion of META's AI infrastructure and a notable crossover between Canada's technology and traditional energy sectors.
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