LAS VEGAS, Nov. 07, 2025 (GLOBE NEWSWIRE) — Jet. AI Inc. (“Jet. AI” or the “Company”) (Nasdaq: JTAI) and Consensus Core Technologies Inc. (“Consensus Core”), a leader in high-performance GPU infrastructure and AI cloud services, today announced the substantial completion of the second milestone for their hyperscale data center campuses in Midwestern Canada (the “Midwestern Project”) and Maritime Canada (the “Maritime Project”), respectively.

The completed second milestone includes the following key achievements:

– Contribution of $1.7 million by Jet. AI to the joint venture
– Release of mortgage liens on the existing acreage owned by the Midwestern Project
– Execution of a Letter of Intent to acquire 350 acres of property adjacent to the existing Midwestern Project site—a significantly larger amount than the previously anticipated 100 acres
– Contribution of 100% equity interest of the Midwestern Project by Consensus Core to the joint venture
– Completion of the Maritime site inspection by Jet. AI

Mike Winston, Founder and Executive Chairman of Jet. AI, commented:
“The energy and natural resources we need are already present in abundance at our sites, and the next milestone (#3) is about turning that advantage into action. We’re making sure we don’t just have places to build data centers but also the energy commitments to make them run. Overall, we’re encouraged by the progress and believe the odds of success for both projects have now moved in our favor. Consensus Core CEO Wayne Lloyd is the kind of partner you look forward to hearing from: smart, dependable, and able to turn plans into progress.”

In connection with completing the second milestone, the joint venture assumed $1.8 million in unsecured debt and accrued interest from Consensus Core, related to the existing acreage owned by the Midwestern Project. The cost of achieving the third milestone is expected to be relatively modest, with the majority of proceeds from a successful closing expected to be used to repay the assumed debt and accrued interest at that time.

### Next Milestone (Milestone #3) for the Midwestern and Maritime Projects

**Midwestern Project Milestones:**
– Contribution amount by Jet. AI: $2,000,000
– Submission by Convergence Compute of a Transmission Power Load Study application related to the Midwest data center project
– Confirmation from the natural gas utility or other supplier/reseller that they can supply sufficient flow to operate up to six proposed turbines
– Contribution by Consensus Core as outlined in the Contribution Agreement

**Maritime Project Milestones:**
– Execution of a Letter of Intent by Convergence Compute with a power producer to acquire power from their proposed wind farm, for use by the Maritime data center project (the “Wind Power Project”)

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### About Jet. AI

Founded in 2018 and based in Las Vegas, NV, Jet. AI leverages a leadership team with deep expertise in data center development and AI-driven technologies. The Company intends to build scalable, high-performance infrastructure to support the increasing computational demands of artificial intelligence.

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### Forward-Looking Statements

This press release contains statements that may be deemed “forward-looking statements” within the meaning of federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements relate to Jet. AI’s products, services, markets, and projected future results and are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions.

Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations. Such risks and uncertainties are detailed in Jet. AI’s most recent Annual Report on Form 10-K, subsequent SEC filings, and the Risk Factors section of AI Infrastructure Acquisition Corp.’s registration statement and prospectus.

Readers are cautioned not to place undue reliance on forward-looking statements. Jet. AI assumes no obligation to update these statements except as required by law.

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https://www.globenewswire.com/news-release/2025/11/07/3183731/0/en/Jet-AI-and-Consensus-Core-Complete-Second-Milestone-of-Canadian-Hyperscale-Data-Center-Project.html