AT&T to Provide Fiber Connectivity for Jericho Energy Ventures' Inaugural AI Modular Data Center Site
Jericho Energy Ventures (JROOF) has partnered with AT&T to install fiber optic connectivity with a minimum of 10Gbps at its initial Modular High Performance AI Data Center site in Oklahoma. The infrastructure is designed to scale beyond 100Gbps to meet future demand growth.
This development follows JEV's March 31, 2025 announcement of its innovative Modular Data center venture, which utilizes the company's natural gas assets to power AI-focused computing solutions. The strategic initiative aligns with industry trends, as highlighted in a Wall Street Journal article describing how tech giants are seeking rural locations with access to natural gas for AI operations.
Additionally, JEV has granted 1,000,000 incentive stock options to McKenna & Associates, exercisable at C$0.20 for up to 3 years. The company is also exploring a potential U.S. listing as part of its growth strategy.
Jericho Energy Ventures (JROOF) ha stretto una partnership con AT&T per installare una connettività in fibra ottica con una velocità minima di 10Gbps presso il suo primo sito di Data Center Modulare ad Alte Prestazioni AI in Oklahoma. L'infrastruttura è progettata per scalare oltre 100Gbps per soddisfare la futura crescita della domanda.
Questo sviluppo segue l'annuncio del 31 marzo 2025 da parte di JEV del suo innovativo progetto di Data Center Modulare, che utilizza le risorse di gas naturale dell'azienda per alimentare soluzioni informatiche focalizzate sull'AI. L'iniziativa strategica è in linea con le tendenze del settore, come evidenziato in un articolo del Wall Street Journal che descrive come i giganti della tecnologia stiano cercando località rurali con accesso al gas naturale per le operazioni AI.
Inoltre, JEV ha concesso 1.000.000 di opzioni su azioni incentivanti a McKenna & Associates, esercitabili a C$0,20 per un massimo di 3 anni. L'azienda sta anche esplorando una potenziale quotazione negli Stati Uniti come parte della sua strategia di crescita.
Jericho Energy Ventures (JROOF) se ha asociado con AT&T para instalar conectividad de fibra óptica con un mínimo de 10Gbps en su sitio inicial de Centro de Datos Modular de Alto Rendimiento AI en Oklahoma. La infraestructura está diseñada para escalar más allá de 100Gbps para satisfacer el crecimiento futuro de la demanda.
Este desarrollo sigue al anuncio de JEV del 31 de marzo de 2025 sobre su innovador proyecto de Centro de Datos Modular, que utiliza los activos de gas natural de la empresa para alimentar soluciones informáticas centradas en la IA. La iniciativa estratégica se alinea con las tendencias de la industria, como se destaca en un artículo del Wall Street Journal que describe cómo los gigantes tecnológicos están buscando ubicaciones rurales con acceso a gas natural para operaciones de IA.
Además, JEV ha otorgado 1.000.000 de opciones sobre acciones incentivadas a McKenna & Associates, que se pueden ejercer a C$0,20 durante un máximo de 3 años. La empresa también está explorando una posible cotización en EE. UU. como parte de su estrategia de crecimiento.
Jericho Energy Ventures (JROOF)는 AT&T와 협력하여 오클라호마에 있는 최초의 고성능 AI 데이터 센터 사이트에 최소 10Gbps의 광섬유 연결을 설치합니다. 이 인프라는 미래 수요 증가를 충족하기 위해 100Gbps 이상으로 확장될 수 있도록 설계되었습니다.
이번 개발은 JEV가 2025년 3월 31일에 발표한 혁신적인 모듈형 데이터 센터 벤처에 이어 이루어지며, 이 벤처는 회사의 천연 가스 자산을 활용하여 AI 중심의 컴퓨팅 솔루션에 전력을 공급합니다. 이 전략적 이니셔티브는 산업 트렌드와 일치하며, 월스트리트 저널의 기사에서 기술 대기업들이 AI 작업을 위해 천연 가스에 접근할 수 있는 농촌 지역을 찾고 있다는 내용이 강조되었습니다.
또한 JEV는 McKenna & Associates에 대해 1,000,000개의 인센티브 주식 옵션을 부여했으며, 이는 최대 3년 동안 C$0.20에 행사할 수 있습니다. 회사는 성장 전략의 일환으로 미국 상장 가능성도 모색하고 있습니다.
Jericho Energy Ventures (JROOF) s'est associé à AT&T pour installer une connectivité en fibre optique avec un minimum de 10Gbps sur son premier site de Centre de Données Modulaire à Haute Performance AI en Oklahoma. L'infrastructure est conçue pour évoluer au-delà de 100Gbps afin de répondre à la croissance de la demande future.
Ce développement fait suite à l'annonce du 31 mars 2025 par JEV de son projet innovant de Centre de Données Modulaire, qui utilise les actifs en gaz naturel de l'entreprise pour alimenter des solutions informatiques axées sur l'IA. L'initiative stratégique s'aligne sur les tendances de l'industrie, comme le souligne un article du Wall Street Journal décrivant comment les géants de la technologie recherchent des emplacements ruraux avec accès au gaz naturel pour les opérations liées à l'IA.
De plus, JEV a accordé 1.000.000 d'options d'achat d'actions incitatives à McKenna & Associates, exerçables à C$0,20 pendant une période maximale de 3 ans. L'entreprise explore également une éventuelle cotation aux États-Unis dans le cadre de sa stratégie de croissance.
Jericho Energy Ventures (JROOF) hat sich mit AT&T zusammengeschlossen, um eine Glasfaserverbindung mit mindestens 10Gbps an seinem ersten Standort für ein Modulares Hochleistungs-AI-Datenzentrum in Oklahoma zu installieren. Die Infrastruktur ist so konzipiert, dass sie über 100Gbps hinaus skalierbar ist, um zukünftiges Nachfragewachstum zu decken.
Diese Entwicklung folgt auf die Ankündigung von JEV am 31. März 2025 zu seinem innovativen Modularen Datenzentrum, das die Vermögenswerte des Unternehmens im Bereich Erdgas nutzt, um AI-fokussierte Computerlösungen zu betreiben. Die strategische Initiative steht im Einklang mit den Branchentrends, wie in einem Artikel des Wall Street Journal beschrieben, der erläutert, wie Technologiegiganten ländliche Standorte mit Zugang zu Erdgas für AI-Operationen suchen.
Darüber hinaus hat JEV 1.000.000 Anreiz-Aktienoptionen an McKenna & Associates vergeben, die für bis zu 3 Jahre zu C$0,20 ausgeübt werden können. Das Unternehmen prüft auch eine mögliche US-Notierung im Rahmen seiner Wachstumsstrategie.
- Strategic partnership with AT&T for high-speed fiber connectivity
- Scalable infrastructure capacity from 10Gbps to over 100Gbps
- Leveraging existing natural gas assets for cost-effective AI data center operations
- Potential U.S. listing exploration for enhanced market presence
- Significant capital expenditure required for data center infrastructure development
- Early-stage venture with unproven revenue model
JEV Accelerates Its Modular Data Center Initiative with Full Momentum
TULSA, OK / ACCESS Newswire / April 9, 2025 / Further to its news release dated March 31, 2025, Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company") is pleased to announce that it has partnered with AT&T to install a minimum of 10Gbps of fiber optic at its initial Modular High Performance AI Data Center site in Oklahoma. This deployment leverages the latest technology and data transfer protocols and is designed to scale beyond 100Gbps to meet anticipated demand growth.
On March 31, 2025, JEV unveiled its innovative Modular Data center venture, harnessing its natural gas assets and infrastructure to drive the development of advanced, technology-driven, AI-focused computing solutions tailored for the AI era.
Brian Williamson, CEO of Jericho Energy Ventures, commented: "We are moving full steam ahead in building out our AI modular data centers, and partnering with industry-leader AT&T along with others to deploy high-speed fiber connectivity on-site is a critical step in developing a next-generation modular AI computing infrastructure. By leveraging our natural gas assets and strategic locations, we are uniquely positioned to provide scalable, reliable, and cost-effective power solutions to meet the growing demands of the AI age."
A March 30, 2025, Wall Street Journal article, "The AI Data-Center Boom Is Coming to America's Heartland," highlights how Meta and other tech giants are scouring rural America for land, transmission lines and natural gas to power AI operations, drawing them into the heart of the nation's oil and gas region.
Jericho also announces that it has granted 1,000,000 incentive stock options (the "Options") under its stock option plan (the "Plan") to McKenna & Associates, a boutique advisory and investment firm and a
Expressing McKenna & Associates' continued support for JEV, Brian Schafer, President, stated: "Jericho's launch of its natural gas-powered modular AI data center in Oklahoma is a smart, forward-thinking response to rising U.S. data storage demand. It reflects bold vision and strong execution to merge resilient and deployable data centers that capitalize on the plethora of small natural gas repositories across America's heartland. I have full confidence in the management team and their strategy, and I remain fully committed to supporting Jericho's next growth phase -- including exploring a U.S. listing -- as the Company works to deliver greater shareholder value at this pivotal stage."
About Jericho Energy Ventures
Jericho is an energy company positioned to meet today's energy demand as well as the energy transition; owning, operating and developing both traditional hydrocarbon JV assets and advancing the low-carbon energy transition, with active investments in hydrogen. Jericho owns and operates long-held producing oil and gas JV assets in Oklahoma which it is currently developing from cash flows in an effort to further increase production. Through its wholly owned subsidiary, Hydrogen Technologies, Jericho delivers breakthrough, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. We also hold a strategic investment and board position in California Catalysts (formerly H2U Technologies), a leading developer of advanced materials for electrolysis.
Website: www.jerichoenergyventures.com
X: https://x.com/JerichoEV
LinkedIn: www.linkedin.com/company/jericho-energy-ventures
YouTube: www.youtube.com/c/JerichoEnergyVentures
CONTACT:
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
Tel. 604.343.4534
Email: investorrelations@jerichoenergyventures.com
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho's control. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may", "will" or "may not" occur. Specifically, this news release contains forward-looking statements relating to, among others, the completion of its new Modular Data Centers initiative launch and successful supplier and customer adoption.
Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, which include, but are not limited to: regulatory changes; changes to the definition of, or interpretation of, foreign private issuer status; the impacts of COVID-19 and other infectious diseases; general economic conditions; industry conditions; current and future commodity prices and price volatility; significant and ongoing stock market volatility; currency and interest rate fluctuation; governmental regulation of the energy industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities and risks inherent in oil and gas exploration, development and production operations; liabilities and risks inherent in early stage hydrogen technology projects, energy storage, carbon capture and new energy systems; changes in government environmental objectives or plans; and the other factors described in Jericho's public filings available at www.sedarplus.ca.
The forward-looking statements contained herein are based on certain key expectations and assumptions of Jericho concerning anticipated financial performance, business prospects, strategies, regulatory regimes, the sufficiency of budgeted capital expenditures in carrying out planned activities, the ability to obtain financing on acceptable terms, expansion of consumer adoption of the Company's (or its subsidiaries') technologies and products, all of which are subject to change based on market conditions, potential timing delays and other risk factors. Although Jericho believes that these assumptions and the expectations are reasonable based on information currently available to management, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on forward-looking statements.
Readers are cautioned that the foregoing lists are not exhaustive. The forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking statements that are contained or referenced herein, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Jericho Energy Ventures, Inc.
View the original press release on ACCESS Newswire
FAQ
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