other material
confidence high
sentiment positive
materiality 0.75
CalEthos signs natural gas supply agreement for planned data center power plant
CalEthos, Inc.
- Entered letter agreement with top-tier natural gas marketing company for firm supply of 55,000 MMBTU/day.
- Paid $3,832,500 reservation fee by May 8, 2026; will provide $6M initial letter of credit and $50M delivery period L/C.
- Natural gas to fuel planned 200-240MW behind-the-meter power plant for TerraVolt data center campus in Southeast Idaho on Northwest Pipeline.
- Delivery period to start by July 31, 2029 (extendable to March 31, 2030) for three years after Start Date notice.
- Press release issued May 11, 2026; CEO Joel Stone highlighted alignment with President Trump's Ratepayer Protection Pledge.