Jet.AI Partners with Choo Choo Express for $10M Data Center Development
Jet.AI announced a planned joint venture with Choo Choo Express, relating to the development of a planned 50-megawatt data center campus in Moapa, Clark County, Nevada. The company said, "The proposed joint venture is expected to pursue the development of a data center and related infrastructure on approximately 20 acres of land located in Moapa, Nevada. CCE expects to contribute the land to the joint venture, subject to the execution of definitive agreements, completion of diligence, and satisfaction of customary conditions. Located less than an hour from the Las Vegas strip, the Moapa campus is one of the few remaining sites in the Southwest capable of supporting hyperscale inference workloads deployed closer to end users at the edge of the network. Its geographic position offers the potential for low-latency connectivity into California and key Southwestern markets. The campus is situated adjacent to a remediated coal-fired power plant and benefits from substantial existing utility infrastructure, including access to electric transmission, natural gas, fiber connectivity, water, and transportation corridors." Under the terms of the proposed joint venture, Jet.AI expects to commit approximately $10M of capital over an anticipated two-year period, subject to the achievement of defined development and infrastructure milestones. Capital contributions are structured to align with milestones and may be internally financed at the option of the Company and CCE once the land is fully powered and appraised. Milestones include feasibility studies, entitlements, utility extensions, and power procurement activities.
Get Free Real-Time Notifications for Any Stock
Analyst Views on JTAI
About JTAI
About the author
Procter & Gamble (PG) Stock Rises 2% After Beating EPS Estimates in Mixed Q2 Results
- Market Uptrend: U.S. stocks traded higher this morning, with the Dow Jones gaining around 300 points, or 0.63%, reflecting optimistic sentiment towards economic recovery, which may attract more investor interest.
- P&G's Strong Performance: Procter & Gamble reported Q2 adjusted EPS of $1.88, beating the analyst consensus of $1.86, although quarterly sales of $22.208 billion fell short of the expected $22.282 billion, indicating the company's efforts in cost control amidst mixed results.
- Notable Stock Surges: Shares of 60 Degrees Pharmaceuticals skyrocketed 297% to $7.94 after announcing a partnership with Runway Health to expand pre-departure access to ARAKODA, demonstrating strong market reaction to new collaborations.
- Energy Sector Decline: Despite the overall market rise, energy stocks dipped 0.4% on Wednesday, suggesting potential challenges in supply-demand balance within the sector, prompting investors to monitor future market dynamics.
Gelteq Ltd Reports 22% Bioavailability Increase in Cannabinoid Oral Gel, Shares Surge 50.1%
- Bioavailability Improvement: Gelteq Ltd's oral gel delivery platform achieved over a 22% increase in bioavailability compared to an FDA-approved oil-based product in preclinical trials, indicating significant technological advantages that could enhance market acceptance and drive future sales growth.
- Stock Surge: Following this positive announcement, Gelteq's shares surged 50.1% in pre-market trading to $1.25, reflecting strong investor confidence in the new technology and its market potential.
- Enhanced Market Competitiveness: By improving product bioavailability, Gelteq not only meets the growing consumer demand but also positions itself more favorably in the competitive pharmaceutical market, potentially driving the company's long-term strategic development.
- Increased Investor Interest: With Gelteq's technological advancements and stock price increase, market attention on its future performance has significantly risen, likely attracting more investors and partners, thereby facilitating the company's capital operations and business expansion.
