Jericho Energy Ventures and Comstock to Establish Joint Venture for AI Data Centers in Oklahoma
Jericho Energy Ventures and Comstock Holding Companies have formed a joint venture to develop AI data center campuses in Oklahoma. Comstock will invest $1.5 million through a private placement, with plans for further investments. The financing involves issuing units priced at CAD$0.08 each, aimed at supporting Jericho's flagship AI data center project and general working capital. Comstock's CEO will join Jericho's board, enhancing collaboration on the project.
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Jericho Energy Ventures and Comstock Holding have established a joint venture to develop AI data center campuses in Oklahoma. Comstock will invest $1.5 million through a non-brokered private placement, subject to regulatory approval.
The financing includes 25,684,932 units priced at CAD$0.08 each. Net proceeds will advance Jericho’s AI data center campus and support general working capital. Comstock is expected to contribute an additional $6 million to the JV and its CEO will join Jericho's board. The partnership aims to integrate Jericho’s energy infrastructure with land for large-scale data centers.
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