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NUAIBullishCorporate Developmentsnews

High materiality8/10

New Era Advances Permits, Financing and PPA Talks for 757MW Texas Data Center

Aug 14, 2026, 4:36 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Material progress on permits, potential PPA revenue and secured/undrawn financing lowers execution risk, supports a larger asset base and near-term valuation upside.

AI summary

What happened, with direct paths to the underlying reporting

New Era Energy & Digital updated investors on progress at its Texas Critical Data Centers project, confirming construction permits and advancing to a ~757MW gross capacity across Phases 1 and 2. The company highlighted Phase 1 PPA negotiations and strong liquidity ($84.8m cash; $270m of a $290m Macquarie facility undrawn), underpinning near-term equity needs and execution risk management.

NUAI filed Q2 2026 Form 10-Q; TCDC permits now in hand.
Phase 1+2 capacity ~757MW; Phase 2 ~550MW capacity.
Cash $84.8m; undrawn Macquarie facility up to $290m ($270m available).
Phase 1 PPA negotiations; pursuing powered land via self-generation.
Executive team expanded with several hyperscaler/infra veterans.

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