other_material
confidence medium
sentiment neutral
materiality 0.55
New Era Energy & Digital pivots to AI infrastructure; TCDC JV targets 1+ GW capacity, power delivery early 2027
New ERA Energy & Digital, Inc.
- Texas Critical Data Centers (TCDC) 50/50 JV with Sharon AI: 235 acres secured in Permian Basin, option for +203 acres; designed for 1+ GW compute capacity.
- Power delivery from behind-the-meter natural gas projected to begin early 2027; Phase 1 completed, Phase 2 engineering underway.
- Non-binding LOIs signed with partners for gas power islands, carbon management (Context Labs), dark fiber, and engineering services.
- Cap table as of Nov 3, 2025: ~53M shares outstanding, 9.2M warrants at $10-$11.50 exercise, plus 665K employee options.
- Company rebranded from New Era Helium to New Era Energy & Digital (NUAI); S-3 eligibility expected Dec 6, 2025.
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