M&A
confidence high
sentiment positive
materiality 0.55
Jet.AI invests $1.75M in StratGrid for ~26% stake in natural gas-powered data center projects
Jet.AI Inc.
- Jet.AI invested $1.75M through majority-owned joint venture SG Canada InvestCo LLC, acquiring ~26% fully vested equity in StratGrid.
- StratGrid is developing behind-the-meter natural gas-powered data centers in Alberta; first project Wheatland targets 200MW, expandable to 1GW+.
- Combined capacity of Wheatland and Mountain View sites could exceed 2GW over time.
- Investment adds to Jet.AI's growing portfolio of GPU infrastructure and AI cloud services.
- Alberta is emerging as a data center hub; Meta recently broke ground on a $13B CAD data center in the province.