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Jericho Energy raises $1.5M to expand AI data center and energy projects in Oklahoma with Comstock’s backing.
Jericho Energy Ventures has closed a $1.5 million non-brokered private placement, issuing 25.7 million units at CAD$0.08 each, with proceeds to support its AI data center campus and energy infrastructure in Oklahoma.
Comstock Holding Companies led the investment and is expected to join Jericho’s board, with plans for a joint venture to develop land near existing energy assets, integrating subsurface infrastructure with surface development for AI data centers.
Comstock is set to contribute $6 million to the joint venture, though closing is subject to conditions.
The securities are not registered in the U.S. and are subject to a four-month hold period.
Jericho Energy recauda $1.5M para expandir el centro de datos de IA y proyectos de energía en Oklahoma con el respaldo de Comstock.