The price of Texas Pacific Land Corporation (TPL, Financial)'s stock has skyrocketed by 212.26% from the beginning of the year to this year to $1,639 per share. Multiple catalysts contribute to the price surge including the business diversification to S&P 500 Inclusion.

Texas Pacific Land Corporation (TPL, Financial), one of the largest landowners in Texas that manages the Permian Basin, doesn't want to be left behind in the crypto and green-energy booms. Its abundant natural resources land has cheap natural gas that makes Permian Basin an ideal location for not only oil and gas activities but also energy-intensive operations like data centers and bitcoin mining.

So, after the company actively gets royalties from the oil and gas mining activities there, now it diversifies its operations to include bitcoin mining, renewable energy projects, and large battery storage facilities. Their two main business segments: Land and Resource Management and Water Services and Operations will soon add.

And on November 26, TPL has been added to the S&P 500 index, replacing Marathon Oil which was officially acquired by Conoco Philip this week. This inclusion is expected to attract more institutional investors and boost the stock price even more.

Driven by multiple catalysts some insiders including the Chairman and CEO Murray Stahl (Trades, Portfolio) are known to actively buying TPL shares, signaling strong confidence in TPL's future prospects.

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