Investing.com -- Jet.AI Inc (NASDAQ:JTAI) stock rose 3.3% on Thursday after the emerging provider of GPU infrastructure and AI cloud services announced the location for a large-scale data center campus in Canada.
The company, along with its joint venture Convergence Compute, has selected a site 10 miles south of Winnipeg, Manitoba for the development. The 350-acre campus is strategically positioned with immediate access to key energy and network infrastructure, including an electrical substation, natural gas facilities, and high-speed fiber routes.
According to the company, the location offers direct access to 2,000 MW of hydroelectric power through the Bipole III HVDC line and features a 115-kV transmission corridor overhead, providing near-term access to scalable power resources.
"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."
The Winnipeg-area campus is reportedly drawing strategic interest from hyperscale tenants and offers low-latency connectivity across Canada and into the United States due to its position along major east-west fiber corridors.
Convergence Compute, Jet.AI’s joint venture with Consensus Core Technologies, has already completed its first two development milestones and is ahead of schedule on the third, according to the announcement.
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