sur Jericho Energy Ventures Inc. (CVE:JEV)
Jericho Energy Ventures Partners with Comstock for AI Data Center Development
Jericho Energy Ventures Inc. has announced a strategic partnership with Comstock Holding Companies, Inc. to advance the development of AI data center campuses in Oklahoma. Comstock will invest USD$1.5 million in Jericho through a private placement, pending regulatory approvals.
The financing comprises 25,684,932 units at CAD$0.08 per unit, each consisting of one share and half a warrant, exercisable at CAD$0.20. Comstock's CEO, Chris Clemente, is set to join Jericho's board post-approval.
The joint venture aims to integrate Jericho's energy infrastructure with strategically located real estate to support AI data centers and digital infrastructure. Comstock is expected to contribute USD$6 million to the JV.
This collaboration seeks to leverage Jericho's energy assets and Comstock's real estate expertise, aiming to accelerate the development of AI infrastructure and generate value for stakeholders.
R. E.
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