GridAI Technologies Signs Definitive Agreement to Acquire Pronghorn Resources, Establishing Major Wyoming Owned-Natural Gas and Multi-Gigawatt AI Power Infrastructure Platform Targeting Initial Power Delivery in 2027
Key Highlights
- ➤GridAI (GRDX) agreed to acquire Pronghorn Resources in a definitive share exchange.
- ➤Pronghorn produces nearly 100 MMcf/day, with approximately 2 Tcf of estimated gas reserves.
- ➤Transaction adds over 450 miles of pipelines and nearly 1,000,000 acres of interests.
- ➤GridAI targets initial 300 MW power delivery in 2027 using behind-the-meter generation.
- ➤GridAI will acquire exclusive FANCO Wyoming rights for the EAGL-1 240 MWe SMR platform.
Expert Statements
Jason Sawyer, Chief Executive Officer of GridAI Technologies Corp.
“Reliable power is the critical constraint on AI infrastructure growth. Pronghorn gives us the fuel, infrastructure, and operating foundation to address that need at scale in Wyoming”
Jason Sawyer, Chief Executive Officer of GridAI Technologies Corp.
“Our strategy is to build value from natural gas production and sales, pursue long-term power supply agreements, and use our land, water, and infrastructure assets to secure meaningful ownership interests in the AI campuses we partner to develop. We are targeting initial power delivery in 2027, with phased expansion aligned to customer commitments, financing, and project approvals. Our goal is to turn an established energy business into a scalable power and infrastructure platform that serves hyperscale customers and creates durable value for GridAI shareholders.”
* Built on approximately $1.7 billion in historical infrastructure investment with estimated replacement value over $3.2 billion. Pronghorn combines nearly 100 MMcf/day of gross gas production, more than 450 miles of owned pipelines, and approximately 1,000,000 acres of private, state, and BLM mineral and leasehold interests. Current gas output is estimated to be sufficient to fuel up to approximately 600 MW of gas-fired generation, depending on plant efficiency. * Positions GridAI in Wyoming’s emerging AI data center market. Combining an established energy business, substantial water resources, and access to large-scale land development opportunities to support multi-gigawatt campus development potential. Pronghorn also produces nearly 14 million gallons of fresh water daily. * Targeting 300 MW of initial power delivery in 2027. Multiple grid-connected large load capable substations on Pronghorn’s already identified multi-thousand-acre data center sites. Develop dedicated behind-the-meter (“BTM”) natural gas fired power generation in phases to serve hyperscale customers and reduce reliance on conventional utility interconnection timelines. * Pursue value from gas sales, power contracts, water supply, and AI campus ownership. Preserve the upstream business’s standalone economics while pursuing long-term power supply agreements and meaningful ownership interests in the data center campuses GridAI helps develop. * Acquire exclusive 1st American Nuclear Co. (“FANCO”) Wyoming rights for the EAGL-1 240 MWe SMR platform and Bridge Power, subject to commercial availability and regulatory approvals. BOCA RATON, Fla. and SHERIDAN, Wyo., Nov. 13, 2026 (GLOBE NEWSWIRE) -- GridAI Technologies Corp. (Nasdaq: GRDX) ("GridAI" or the "Company") today announced it has entered into a Definitive Share Exchange Agreement to acquire Pronghorn Resources LLC ("Pronghorn"), a substantial producing natural gas and energy infrastructure platform in Wyoming’s Powder River Basin, establishing the foundation for a vertically integrated provider of dedicated power and infrastructure to the rapidly expanding artificial intelligence and hyperscale data center industries.
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