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New Era Helium and Sharon AI Announce Letter of Intent to Acquire 200-Acre Site for 250MW Net-Zero AI/HPC Data Center in the Permian Basin

1. New Era Helium partners with Sharon AI for Texas Critical Data Centers project. 2. Joint venture may enhance NEHC's market position and production capabilities.

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FAQ

Why Bullish?

Partnership with Sharon AI can boost NEHC's expansion prospects and revenue potential, similar to other successful E&P collaborations within tech sectors.

How important is it?

The partnership signals growth opportunities in a burgeoning market, which may positively influence investor sentiment and NEHC's valuation.

Why Long Term?

This strategic partnership is likely to yield benefits over time as operational synergies develop and market demand grows.

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MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) (“New Era Helium” or the “Company”), a leading exploration and production (E&P) company sourcing helium from natural gas reserves in the Permian Basin and its joint venture partner, Sharon AI, Inc. (“Sharon AI”) a High-Performance Computing business focused on Artificial Intelligence, Cloud GPU Compute Infrastructure and Data Storage, announce that their joint venture, Texas Critical Data Centers, LLC (“TCDC”), has signed.

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