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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 data center operations. 2. Joint venture aims for helium extraction and high-performance computing.

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$002/27 02:18 PM EDTLatest Updated
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FAQ

Why Bullish?

The partnership with Sharon AI could enhance NEHC's growth prospects in helium production, similar to past successful tech partnerships boosting resource companies.

How important is it?

The venture indicates strategic growth and diversification, vital for NEHC’s future, aligning with market trends in AI and resource management.

Why Long Term?

This collaboration could open new revenue streams, taking time for the market to fully recognize its impact, much like the gradual growth seen in tech-resource synergies.

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SHRNPCOR
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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