GridAI agrees to acquire Wyoming natural gas producer Pronghorn Resources
GRDX•GridAI agreed to acquire Pronghorn Resources for 1,247,887 common shares and up to 129,504 shares of Series I Convertible Preferred Stock. The deal is expected to close by November 22, 2026, and GridAI targets 300 MW of initial power delivery in 2027.
1. Acquisition terms
GridAI agreed to acquire Pronghorn Resources, a Wyoming natural gas business, for 1,247,887 common shares and up to 129,504 shares of Series I Convertible Preferred Stock. The acquisition is expected to close on or before November 22, 2026.
2. Production and infrastructure
Pronghorn produces nearly 100 million cubic feet of natural gas daily and has approximately 2 trillion cubic feet of estimated reserves. Its infrastructure includes more than 450 miles of pipelines, backed by approximately $1.7 billion in historical capital investment.
3. Power delivery target
GridAI targets 300 MW of initial power delivery in 2027 to support AI data centers through dedicated natural gas generation.
