Jet.AI announces planned JV with Choo Choo Express for data center campus

Jet.AI (JTAI) 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.