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Jet.AI and Consensus Core Complete Second Milestone of Canadian Hyperscale Data Center Project
Globenewswireยท2025-11-07 14:15

Core Insights - Jet.AI Inc. and Consensus Core Technologies Inc. have completed the second milestone for their hyperscale data center projects in Midwestern and Maritime Canada, indicating significant progress in their development plans [1][2] Project Milestones - The second milestone completion includes the assumption of $1.8 million in unsecured debt and accrued interest from Consensus Core related to the Midwestern Project [2] - The next milestone involves a $2 million contribution from Jet.AI for the submission of a Transmission Power Load Study application for the Midwest data center project [3] - The Maritime Project requires confirmation from a natural gas utility or other supplier to supply sufficient flow for the operation of proposed turbines [3] Financial Contributions - Jet.AI has contributed $1.7 million to the joint venture and executed a letter of intent to acquire 350 acres adjacent to the existing Midwestern Project property, significantly larger than the previously anticipated 100 acres [6]