New Era Helium, Inc. (Nasdaq: NEHC) has announced a significant development in its digital infrastructure strategy through a joint venture with Texas Critical Data Centers LLC (TCDC) and Sharon AI. The collaboration has resulted in a non-binding Letter of Intent (LOI) with a leading global provider of High Performance Cloud for AI and Modern Workloads. This agreement outlines plans for acquiring land and securing a power purchase agreement to deliver up to 250 megawatts of electricity, specifically designed to support advanced data center operations. The site, located in Ector County, Texas, is positioned to become a key player in meeting the growing demand for AI and cloud GPU infrastructure, with plans to integrate advanced energy and cooling technologies to minimize environmental impact. CEO E. Will Gray II highlighted the strategic alignment of their energy platform with the increasing need for AI infrastructure, emphasizing the potential to contribute to the digital economy's growth. The project is advancing towards its next milestones, including natural gas supply updates and grid interconnection planning, with the initial site due diligence expected to close by July 2025.
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