Welcome to our dedicated page for Jericho Energy Ventures news (Ticker: JROOF), a resource for investors and traders seeking the latest updates and insights on Jericho Energy Ventures stock.
Jericho Energy Ventures Inc. (OTC: JROOF) generates news centered on the intersection of energy assets and AI infrastructure. The company describes itself as an energy innovation business that leverages long-producing oil and gas joint venture assets and Oklahoma infrastructure to support build-to-suit AI data centers, making its operational updates and strategic announcements relevant for investors tracking energy-backed digital infrastructure.
Recent news has highlighted Jericho’s oil and gas revitalization program in Oklahoma, including activity at the Oaktree wells and broader efforts to evaluate behind-pipe production potential and drilled but uncompleted wells. These updates are often connected to the company’s stated goal of using behind-pipe natural gas resources to power infield AI data centers, linking traditional energy operations with emerging compute demands.
Jericho’s disclosures also feature developments at its Morrison Data Center Site in Noble County, Oklahoma, and an AI Data Center Campus on its energy portfolio, where it reports access to grid power, low-price natural gas, water, fiber connectivity, and high-voltage transmission infrastructure. Additional news covers partnerships such as its Memorandum of Understanding with M2 Development Solutions, which introduces large sites in Ohio and Nevada into Jericho’s AI data center portfolio, and event participation like the AI Infra Summit 4.
Another recurring news theme is Jericho’s non-binding Letter of Intent with Smartkem, Inc. for a proposed all-stock business combination aimed at forming a U.S.-owned AI-focused infrastructure company. Company releases emphasize that the LOI is non-binding and that there is no assurance a definitive agreement will be reached. Readers of this news page can review updates on these discussions, operational milestones in Oklahoma, strategic partnerships, and Jericho’s ongoing positioning at the nexus of energy and AI.
Jericho Energy Ventures (OTC:JROOF) and Smartkem (Nasdaq:SMTK) signed a non-binding Letter of Intent dated October 6, 2025 for a proposed all-stock business combination to create a U.S.-owned AI infrastructure company.
The LOI contemplates Smartkem surviving as the Nasdaq-listed Combined Company, with Jericho shareholders owning 65% and Smartkem shareholders 35% on a fully diluted basis, subject to adjustment. Key commercial items include vertical integration of energy and organic semiconductor tech, a 60-day exclusivity to negotiate, contingent capital milestones including a $5.0M fundraising trigger, and stock purchases of at least $500k.
Smartkem (Nasdaq: SMTK) signed a non-binding Letter of Intent on Oct 7, 2025 for a proposed all-stock business combination with Jericho Energy Ventures (JEV) to form a U.S.-owned AI infrastructure company. The LOI contemplates Smartkem as the surviving Nasdaq-listed entity, with Jericho stockholders owning 65% and Smartkem stockholders 35% of the combined company on a fully diluted basis. Brian Williamson would become CEO and the board would be reconstituted with a Jericho majority. The LOI is non-binding, subject to due diligence, capital raises, stockholder and Nasdaq approvals, and includes a 60-day exclusivity and conditional treasury purchases tied to fundraising thresholds ($500k–$1M cap and $5M aggregate proceeds trigger).
Jericho Energy Ventures (OTCID:JROOF) announced two significant developments: a leadership change and a new AI data center initiative. The company appointed Maggie Zhao as Interim CFO, replacing Ben Holman. Zhao, who has been with Jericho since its inception and served as Corporate Controller since 2017, will ensure continuity in financial leadership.
Additionally, Jericho revealed its first build-to-suit AI data center location, the Morrison Data Center Site (MDC) in Noble County, Oklahoma. The site features substantial infrastructure including 70 miles of gas gathering pipelines, electrical grid access, 12 million gallons of water storage capacity, and fiber connectivity. The location is strategically positioned in Oklahoma's growing AI data center hub, where major tech companies are making significant investments.
Jericho Energy Ventures (OTCID:JROOF) has signed a strategic Memorandum of Understanding with M2 Development Solutions to expand its AI data center portfolio. The partnership integrates M2's gigawatt-scale sites in Ohio (400 acres) and Nevada (3,700 acres) into Jericho's operations.
The sites feature diverse power sources including utility power, natural gas, geothermal (Nevada), and solar power capabilities. This collaboration significantly extends Jericho's presence beyond its Oklahoma base, positioning the company to meet growing AI infrastructure demands across the United States.
Jericho Energy Ventures (JROOF) is advancing its AI Modular Data Center project in Oklahoma, leveraging its strategic location along a major U.S. fiber route. The company has partnered with AT&T to implement a minimum 10Gbps fiber optic connectivity at its initial site, with capability to scale beyond 100Gbps. According to an April 2025 IEA report, AI data centers are projected to represent half of U.S. electricity demand growth, exceeding the combined power consumption of various energy-intensive industries by 2030.
The company's competitive advantages include strategically positioned fiber-connected infrastructure and access to low-cost natural gas, enabling it to provide scalable, high-performance solutions for the growing AI and energy sectors. The modular design of their data centers facilitates quick deployment and expansion to meet evolving AI workload requirements.
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) has appointed Jake Royster as Director of Operations, based in Tulsa, Oklahoma. Royster, with nearly 20 years of experience in the U.S. Mid-Continent energy industry, will oversee power and gas infrastructure for JEV's newly announced AI-focused Modular Data Centers and manage the company's traditional oil and gas JV assets.
His extensive background includes leadership positions at Halliburton, Casillas Petroleum, Trinity Operating, and C&J Energy Services, where he managed completion stages, enhanced drilling efficiency, and led machine learning optimization initiatives.
The appointment follows JEV's March 31, 2025 announcement of its Modular Data Center venture, which aims to utilize natural gas assets for AI computing solutions. The company is positioning itself to meet the growing demand for natural gas-powered, AI-driven data centers across the U.S., aligning with the industry trend of tech companies seeking rural locations with natural gas and transmission line availability.
Jericho Energy Ventures (JROOF) has announced the launch of its Modular Data Center initiative, transforming its natural gas assets into AI computing infrastructure. The company plans to leverage its 40,000-acre productive land in Oklahoma's energy corridor to power these data centers, capitalizing on the current pro-energy regulatory environment.
The initiative will be managed from JEV's Tulsa office, focusing on providing secure, modular computing infrastructure specifically designed for AI applications. The company plans to ensure high availability through redundant power solutions, including potential lower-carbon hydrogen fuel options.
This strategic move aligns with industry trends, as highlighted by a McKinsey & Company report projecting global data center demand to grow 19-22% annually from 2023 to 2030, potentially reaching 171-219 gigawatts. The announcement comes amid increasing global investment in U.S. data centers, exemplified by DAMAC Properties' recent $20 billion investment plan across multiple states.
Jericho Energy Ventures (JROOF) has announced the sale of its minority stake in Supercritical Solutions for US$1.8 million, with 60% of funds already received and the remaining 40% to be completed within 60 days. This strategic move aligns with the company's 2025 initiative to streamline its portfolio and focus on core operating assets.
The company has also granted 3,400,000 incentive stock options to directors and officers, exercisable at C$0.20 for up to 5 years. Additionally, JEV has entered into a digital marketing services agreement with Senergy Communications Capital Inc., commencing April 1, 2025, for an initial two-month period at a fee of up to C$100,000 plus GST.