Nov. 12 at 11:54 AM
$JTAI The Companies Side of Things:
The project is still early-stage, with emphasis on "turning plans into progress" through partnerships and resource alignment.
Tte second milestone involved securing land, equity, and financial commitments.
The upcoming "Third Milestone" is expected, I think, to require a modest additional investment from Jet.AI (
$2.X million), will focus on energy commitments:
(For the Midwestern Project: Submission of a Transmission Power Load Study application and confirmation of natural gas supply for up to six turbines.
For the Maritime Project: Consensus Core's equity contribution and a Letter of Intent for power from a proposed wind farm.
Proceeds from this phase are primarily earmarked for debt repayment, with projected construction following energy and regulatory approvals)
“We’re making sure we don’t just have places to build data centers, but also the energy commitments to make them run." CEO MW
🎯 CAVEAT: I Could be off on some of the above
