Jet.AI & Consensus Core Announce Strategic Interest in Midwestern Canadian Data-Center Campus
Rhea-AI Summary
Jet.AI (Nasdaq: JTAI) and its joint venture Convergence Compute announced the selected site for a Midwestern Canadian data-center campus, located 10 miles south of Winnipeg, MB, on roughly 350 contiguous acres. The site sits adjacent to an electrical substation, a regional natural-gas substation, high-speed fiber corridors and the Riel Converter Substation which supplies 2,000 MW of hydroelectric power via the Bipole III HVDC line.
Convergence Compute cited direct access to a long-haul natural-gas pipeline on the property, low-latency east–west fiber connectivity into Canada and the U.S., and said it has completed two development milestones and is ahead of schedule on a third, positioning the campus for gigawatt-scale hyperscale deployments.
Positive
- 350 contiguous acres available for development
- 2,000 MW supply via Riel Converter Substation (Bipole III)
- Direct on-site access to a major long-haul natural-gas pipeline
- Completed 2 development milestones and ahead on a third
- Low-latency east–west fiber corridors supporting large bandwidth
Negative
- None.
News Market Reaction
On the day this news was published, JTAI gained 4.61%, reflecting a moderate positive market reaction. Argus tracked a peak move of +6.1% during that session. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $327K to the company's valuation, bringing the market cap to $7M at that time. Trading volume was elevated at 2.6x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves: BNZI -7.52%, IFBD +0.83%, RYDE +6.52%, FTFT -4.24%, VS -8.58%. Only VS appears in momentum scanning, moving up 4.44% without news, suggesting stock-specific rather than sector-driven dynamics.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Data center siting | Positive | +4.6% | Selected 350-acre Winnipeg-area site with 2,000 MW-adjacent power infrastructure. |
| Nov 19 | SPAC-related update | Positive | -2.4% | Highlighted strategic stake in AI-focused SPAC after its $138M IPO and NYSE event. |
| Nov 14 | Q3 earnings & project | Negative | -8.7% | Reported lower revenue and operating loss while outlining Canadian data-center progress. |
| Nov 07 | Milestone completion | Positive | +2.8% | Completed second milestone; JV structure, funding, and 350-acre land LOI detailed. |
| Oct 14 | Merger timing update | Positive | +14.9% | Reaffirmed flyExclusive merger commitment and extended outside date to Dec 31, 2025. |
Recent news, especially AI and data-center updates, has usually aligned with price moves; only one out of five events showed a divergence between news tone and reaction.
Over the last months, Jet.AI has shifted toward AI infrastructure and Canadian hyperscale data centers. On Apr 30, it announced a multi-billion-dollar joint venture targeting 1.5 GWJun 26 and milestone completions on Nov 7. The latest Dec 04 update identifies a 350-acre Midwestern Canadian site with strong power and fiber access, building directly on those earlier milestones.
Market Pulse Summary
This announcement highlights selection of a roughly 350-acre Midwestern Canadian site with access to a 115 kV transmission corridor and nearby 2,000 MW hydroelectric-linked capacity, reinforcing Jet.AI’s AI data-center strategy. It follows earlier milestones under the Consensus Core joint venture and complements prior agreements outlining multi-phase, gigawatt-scale ambitions. Investors may watch for power approvals, tenant commitments, funding steps, and additional milestone completions to gauge execution risk and project scale-up.
Key Terms
gpu technical
hyperscale technical
substation technical
hydroelectric power technical
hvdc technical
AI-generated analysis. Not financial advice.
Las Vegas, NV, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI”) (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, and Convergence Compute LLC (“Convergence Compute”), Jet.AI’s joint venture with Consensus Core Technologies Inc. (“Consensus Core”), today announced the selected location for Convergence Compute’s Midwestern Canadian data-center campus, a large-scale development designed to meet rising North American demand for AI and high-density compute. The campus is drawing strategic interest from hyperscale tenants.
The campus, located 10 miles south of Winnipeg, MB, spans roughly 350 contiguous acres with immediate access to key energy and network infrastructure. It sits adjacent to an electrical substation, a regional natural-gas substation, high-speed fiber routes, and the Riel Converter Substation, which supplies 2,000 MW of hydroelectric power through the Bipole III HVDC line. A 115-kV transmission corridor runs directly overhead, offering unusual near-term access to scalable and cost-efficient power.
Winnipeg’s position along major east–west fiber corridors gives the site low-latency reach across Canada and into the United States. These long-haul routes support aggregation of large bandwidth volumes—critical for AI and cloud-scale compute operations.
One of Canada’s principal long-haul natural-gas pipelines crosses the property, providing direct access to a major fuel source. An adjoining gas transmission and distribution substation enables on-site piping options that may support future power solutions with both cost efficiency and operational flexibility.
Convergence Compute has completed its first two development milestones and is ahead of schedule on the third. With robust transmission infrastructure, direct natural-gas access, significant fiber connectivity, and substantial land availability, the campus represents a rare opportunity for gigawatt-scale development in North America.
“As AI compute demand accelerates, energy-advantaged sites like this are becoming increasingly difficult to secure,” said Mike Winston, Founder and CEO of Jet.AI. “The combination of power, redundancy, and buildable scale here is extremely hard to replicate.”
“This site aligns with the long-term compute and energy profile the industry is moving toward,” said Wayne Lloyd, CEO of Consensus Core Technologies Inc. “It offers the reliability, connectivity, and acreage required for multi-phase hyperscale deployment.”
Description of photo: aerial photograph of Convergence Compute’s development site near Winnipeg, highlighting its large, unified land parcel positioned beside high-capacity transmission lines and natural-gas delivery infrastructure.
To view a presentation deck detailing the Midwestern/Manitoba Canada data center campus, visit https://investors.jet.ai/presentations-and-events.
About Jet.AI
Founded in 2018 and based in Las Vegas, NV, Jet.AI currently provides private aviation services and is expanding its strategic focus to include investments in the AI and data center sectors. Leveraging a leadership team with deep expertise in data center development and AI-driven technologies, Jet.AI intends to build a scalable, high-performance infrastructure to support the increasing computational demands of artificial intelligence. Jet.AI's suite of AI-powered tools stems from its origin as an aviation company, and leverages natural language processing technologies to enhance efficiency, optimize operations, and streamline the private jet booking experience.
Forward-Looking Statements
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, with respect to the products and services offered by Jet.AI and the markets in which it operates, and Jet.AI's projected future results. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in Jet.AI's most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and Jet.AI assumes no obligation and does not intend to update or revise these forward-looking statements, whether because of new information, future events, or otherwise, except as provided by law.
Jet.AI Investor Relations:
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com
FAQ
Where is Jet.AI's Convergence Compute Midwestern Canadian campus located (JTAI)?
How much power does the Winnipeg-area site near JTAI have access to?
What infrastructure supports hyperscale tenants at the JTAI Convergence Compute campus?
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Will the JTAI site support large-scale AI and cloud compute deployments?
