- Jet.AI (JTAI, Financial) partners with Consensus Core to develop a Canadian hyperscale data center with a targeted initial capacity of 500MW.
- Jet.AI is set to invest up to $20 million, securing a 17.5% equity promote upfront.
- Consensus Core, an NVIDIA cloud partner, will provide expertise in AI and data center infrastructure.
Jet.AI Inc. (NASDAQ:JTAI) has entered a definitive agreement with Consensus Core Technologies to develop a hyperscale data center campus in Midwestern Canada. This project aims to capitalize on Canada's low-cost energy and cold climate to support growing AI infrastructure needs. The project will advance through five key milestones with an expected initial capacity of 500MW, starting with a 100MW phase.
Jet.AI plans to invest up to $20 million USD in exchange for equity interest, following a milestone-based investment approach. The strategic location near major natural gas pipelines and electrical infrastructure optimizes the site for AI computing demands. By leveraging these advantages, Jet.AI positions itself as a key player in addressing the 90-gigawatt power demand gap for AI compute infrastructure.
Consensus Core, which brings deep technical expertise as an NVIDIA cloud service partner, will contribute significantly to the project's execution capabilities. Their leadership team has extensive experience in data center infrastructure, AI workloads, and finance, ensuring a robust foundation for the project's developments.
