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.