New Era Energy & Digital Acquires Full Ownership of Texas Critical Data Centers for $70 Million

Reuters12-23 21:00

New Era Energy & Digital Acquires Full Ownership of Texas Critical Data Centers for $70 Million

New Era Energy & Digital, Inc. has entered into a binding agreement to acquire Sharon AI’s 50% ownership interest in Texas Critical Data Centers LLC (TCDC), resulting in New Era gaining full ownership of the 1+ gigawatt hyperscale data center development in Ector County, Texas. The total consideration for the acquisition is $70 million, structured as a $10 million upfront cash payment, a $10 million deferred equity issuance payable in March 2026, and a $50 million senior secured promissory note maturing in June 2026, with $40 million of that amount as non-convertible debt. The transaction, once closed, will bring TCDC under a single ownership structure as it moves from planning to execution, aiming to accelerate the development of the project.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Era Energy & Digital Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251223632678) on December 23, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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