GridAI Technologies Corp. (NASDAQ: GRDX) has signed a definitive share exchange agreement to acquire Pronghorn Resources LLC, a natural gas production and energy infrastructure company operating in Wyoming's Powder River Basin. The move would create a vertically integrated platform to supply dedicated power and infrastructure to artificial intelligence and hyperscale data centers, according to the GridAI Technologies (NASDAQ: GRDX) announcement.
The deal matters because AI computing is straining power grids nationwide, and access to reliable, large-scale electricity is becoming a competitive bottleneck. Pronghorn's assets include approximately 100 million cubic feet of daily natural gas production, nearly 2 trillion cubic feet of estimated reserves, roughly 1 million acres of mineral and leasehold interests and more than 450 miles of pipeline infrastructure. That infrastructure represents about $1.7 billion in historical capital expenditures.
GridAI plans to use those assets to develop dedicated natural gas-fired power generation, targeting initial electricity delivery in 2027 and phased expansion to support larger AI computing campuses. Separately, GridAI entered an agreement to acquire exclusive Wyoming development rights for FANCO's Bridge Power platform, designed to support near-term electricity generation and potential future integration of small modular nuclear reactors. The company also intends to evaluate carbon capture and geological sequestration opportunities in the Powder River Basin.
Under the transaction terms, Pronghorn members will receive GridAI common and convertible preferred shares, subject to applicable approvals and adjustments. The acquisition is expected to close on or before Nov. 22, 2026. For readers tracking the company, the full press release is available at https://nnw.fm/7wiqY, and the latest GridAI news and updates are posted in its newsroom at https://nnw.fm/GRDX.
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For the energy and data center industries, the transaction signals a push toward owning the fuel supply and pipelines behind computing campuses rather than relying solely on public utilities. If completed, the combined platform could shorten the path from gas production to on-site generation, a model other developers may seek to replicate as AI power demand grows. Terms of use and disclaimers for NNW content are available at https://www.NetworkNewsWire.com/Disclaimer.
