Jericho Energy Ventures & Comstock Partner to Build AI Data Center Infrastructure in Oklahoma – Streetwise Reports

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TICKERS: JEV; JROOF; JLM
For additional disclosures, please click here.
1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
Source: Streetwise Reports (6/13/26)
Discover how Jericho Energy Ventures Inc. and Comstock Holding Companies are teaming up through a new joint venture to develop large-scale AI data center campuses, capitalizing on surging electricity demand and strategic Oklahoma energy assets.

The rapid expansion of artificial intelligence is creating unprecedented demand for reliable power and suitable land, opening new opportunities for companies that can combine energy resources with development expertise.
Jericho Energy Ventures Inc. (JEV:TSX.V; JROOF:OTC; JLM:FRA) has formed a strategic alliance with Comstock Holding Companies Inc. (CHCI:NASDAQ) that directly addresses these needs through Oklahoma AI Ventures LLC. This new entity focuses on acquiring and developing land around Jericho’s existing energy infrastructure, providing a practical pathway to support hyperscale AI computing projects.
Retail investors often look for companies positioned at the intersection of major trends. Here, the convergence of AI growth and energy infrastructure creates a clear catalyst. The partnership builds on a February letter of intent and was finalized in a June 4 agreement, demonstrating steady progress toward execution.
Jericho contributes a ready-made platform of land, energy, water, and fiber assets in Oklahoma. These elements are essential for large AI campuses because data centers require massive amounts of continuous power along with supporting utilities. Comstock adds proven capabilities in land aggregation, entitlement processes, and large-scale project execution. Comstock is a leading asset manager, developer, and operator with decades of experience in complex developments.
This combination allows the joint venture to move faster than either company could alone. Jericho’s subsurface energy infrastructure pairs naturally with surface land interests, reducing typical development timelines and risks associated with starting from scratch.
Under the agreement, Comstock Ventures invested US$2.75 million at closing for land assembly and development costs. It has also committed up to an additional US$5.75 million based on approved budgets. Adding Comstock’s earlier US$1.5 million equity investment in Jericho brings total committed capital near US$10 million. Jericho and its affiliate contribute land interests valued at US$5 million each, establishing balanced ownership with Comstock leading planning activities.
The initial focus centers on Jericho’s Black Bear AI data center campus in Oklahoma, where existing power, natural gas, water, and fiber connectivity can support hyperscale deployments in the Mid-Continent region.
U.S. electricity consumption is expected to rise sharply due to data centers, electrification, and manufacturing reshoring. Projections indicate grid-based demand could increase 17 percent by 2030 from 2025 levels, or as much as 23 to 25 percent if data center expansion targets are met, according to a report by S&P Global on December 2, 2025. Existing grid resources face challenges in keeping pace, creating openings for projects that leverage customer-sited energy solutions.
Similar pressures appear in other markets. Capacity auction prices have surged in regions such as PJM and MISO, reflecting tighter supply conditions, Climate Risk Director Roxby Hartley wrote for EcoEngineers on February 13. These trends underscore why integrated energy and land platforms are gaining attention from developers and investors seeking reliable power access for AI infrastructure.

According to an update on the news by GuruFocus on June 10, the initiative represents a meaningful step in the evolving commercial real estate sector, particularly for data center growth. Technical indicators for Jericho’s stock have shown positive signals, including buy recommendations from moving averages and a favorable MACD reading. Recent price action included gains over multiple sessions amid declining volume, which some observers view as constructive.
Projections from one analysis point to potential incremental upside over the next quarter, though investors should weigh the stock’s volatility and liquidity when evaluating positions.
¹Insiders and management hold approximately 32 percent of Jericho. Notable holders include Comstock CEO Chris Clemente at 7.63 percent, the Graves Family near 10 percent, McKenna & Associates around 9 percent, and Jericho CEO Brian Williamson near 0.95 percent. The company has a market capitalization of CA$37.01 million, with 336.44 million shares outstanding and roughly 220.98 million in the float. Trading has occurred between CA$0.08 and CA$0.19 over the past year.
The transaction falls under Multilateral Instrument 61-101 protections for minority shareholders, consistent with TSX Venture Exchange requirements for related-party dealings. Chris Clemente has also joined Jericho’s board, further aligning governance between the partners.
Closing remains subject to standard conditions, with membership interests held equally by Comstock and Rising Eagle LLC, the latter 50 percent owned by Jericho. This structure positions the joint venture to pursue additional land assembly and development milestones in the coming periods.

Important Disclosures:
For additional disclosures, please click here.
1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
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