New Era Helium Inc (NASDAQ:NEHC) announced that due diligence has been completed and satisfied on a 235-acre site in Ector County, Texas, where its joint venture, Texas Critical Data Centers (TCDC), plans to build a 250-megawatt AI and high-performance computing data center campus.
The land transaction is expected to close on or before the end of the month.
TCDC, a joint venture between New Era Helium and Sharon AI, is continuing work on permitting and infrastructure planning as part of its broader development strategy in the Permian Basin.
The company stated that additional updates will be provided as available.
New Era Helium is a next-generation exploration and production platform focused on unlocking the full value of its Permian Basin assets.