other_material
confidence high
sentiment neutral
materiality 0.55
Jet.AI forms JV with Consensus Core for hyperscale data centers; commits up to $20M
Jet.AI Inc.
- Initial $300K contributed for 0.5% equity in JV; up to 17.5% project equity per milestone.
- Five tranches tied to milestones: Midwest & Maritime projects targeting 500MW capacity, first 100MW.
- July 2, 2025 first closing completed; Consensus Core contributes 100% of project equity to JV.
- Site in Midwestern Canada near major gas pipeline and high-capacity transmission line.
- Jet.AI transitioning from aviation/software to pure-play AI data center enterprise.
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