M&A

Jet.AI buys 26% of Alberta's StratGrid for $1.75M in data centre push

What's the deal? Jet.AI has acquired a 26% stake in StratGridDealroom has a profile for this one. Try Dealroom →, a Canadian developer of behind-the-meter data centre infrastructure in Alberta, for about $1.75 million. The stake was taken through SG Canada InvestCoDealroom has a profile for this one. Try Dealroom →, a Jet.AI-controlled vehicle.

What's the endgame? StratGrid is building two large developments in southern Alberta powered by on-site natural gas generation. Project Wheatland is planned at roughly 200MW with scope to exceed 1GW, while Project Mountain View is designed to scale beyond 2GW.

Why now? Power has become one of the biggest constraints on new AI infrastructure. StratGrid combines generation and hosting on the same site to speed up access to electricity, offering long-term power purchase agreements, high-performance computing, and colocation.

What are they saying? Jet.AI founder and executive chairman Mike Winston said the behind-the-meter approach is intended to solve the difficulty of bringing reliable, competitively priced electricity online quickly enough for AI demand. StratGrid chief executive David Sealock said the investment strengthens its capital base as it advances engineering, regulatory, and land work.

The deal fits Jet.AI's broader repositioning. After shedding its aviation business, the company has built out data centre plans in Las Vegas, Winnipeg, and Clark County, Nevada. In August 2026 it completed a merger with flyExclusiveDealroom has a profile for this one. Try Dealroom →, a transaction it described as marking its move into a pure-play AI infrastructure company.

The signal: Alberta is emerging as a major Canadian data centre market, with large projects such as Meta's planned facility of up to 1GW in Sturgeon County adding momentum. Jet.AI's bet on on-site generation reflects how the race to power AI is pushing developers toward controlling their own electricity supply.

Read more: Noah News

Image credit: jurvetson

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