Jet.AI Takes 26% Stake in StratGrid, Tapping Alberta's AI Data Center Boom
JTAI is trading near its 52-week low of $1.75 (2.9% above the low) on light trading volume (0.2× avg).
Summary
Jet.AI is buying a 26% equity stake in StratGrid for $1.75 million, gaining exposure to a 200MW+ natural gas-powered data center in Alberta. This marks a sharp pivot from its aviation roots—following the flyExclusive asset sale and a pending reverse takeover—into AI infrastructure. The deal is small in absolute dollars but significant for a micro-cap company trading near its 52-week low. It signals a strategic shift toward capitalizing on energy-intensive AI demand. The non-binding LOI for a $300M reverse takeover remains the larger catalyst, but this investment adds a tangible new growth vector.
At the time of this announcement, JTAI was trading at $1.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.5M. The 52-week trading range was $1.75 to $800.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.