New Era Energy & Digital enters non-binding LOI to acquire 54 acres in Texas

New Era Energy & Digital entered into a non-binding Letter of Intent to acquire approximately 54 acres of strategically located land adjacent to its Texas Critical Data Centers campus in Ector County, Texas. The contemplated acquisition was undertaken as part of ongoing lease negotiations with a hyperscale tenant and partners, where securing the additional acreage emerged as a key milestone in advancing discussions. This development is accompanied by continued site advancement, including initial land clearing, removal of out-of-service and abandoned pipeline infrastructure, relocation of active lines, and subsurface soil sampling to support civil engineering design. These activities are intended to optimize the developable footprint and maximize usable acreage for data center deployment. By seeking to consolidate this corridor, New Era is looking to enhance its ability to structure direct power solutions and optimize interconnection design as it advances development of its now 438-acre, master-planned TCDC campus, which is designed to scale to more than 1 gigawatt over time.