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New Era Helium's JV Closes on 235-Acre AI Data Center Site in Permian Basin, With Option to Expand to 438 Acres in Total as Buildout Accelerates

1. NEHC's joint venture TCDC acquired 235 acres near Odessa, Texas. 2. The site will support AI development, potentially increasing NEHC's value.

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Why Bullish?

The acquisition positions NEHC well for future growth in AI and tech sectors, similar to how tech-driven companies benefited from infrastructure in their early stages.

How important is it?

This acquisition strengthens NEHC's operations and future revenue potential, directly affecting its stock price.

Why Long Term?

The strategic acquisition will underpin NEHC's growth as AI becomes more integral, with historical examples showing long-term gains for companies investing in tech infrastructure.

Related Companies

MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) (“NEH” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers LLC (“TCDC”), its 50/50 joint venture with Sharon AI, Inc., has closed on the acquisition of 235 acres from Grow Odessa. The acreage is located in Ector County, Texas and is in close proximity to the City of Odessa. TCDC is developing a large artificial intelligence (AI) and high-perfo.

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