Hunterbrook is short New Era Energy & Digital. In a recently published report, it notes that New Mexico Attorney General Raul Torrez has filed "a sweeping enforcement lawsuit seeking to bar New Era from conducting business in New Mexico until certain conditions are met. The requirements include paying civil damages and penalties. This litigation collides with the company's push to develop a large, energy-intensive AI data center in the state." The lawsuit accuses New Era, its chief executive Everett Willard Gray II, and a network of affiliated companies of orchestrating a fraudulent oil-and-gas scheme. "Allegedly, the defendants sought to siphon revenue from wells that produce fossil fuels while abandoning environmental cleanup obligations," the report reads. Earlier this month, Fuzzy Panda Research said it was also short New Era Energy & Digital in "bet against CEO." Shares of New Era Energy & Digital have dropped almost 34% to $2.89 in afternoon trading.
New Era Energy & Digital, Inc., formerly New Era Helium, Inc., is a platform delivering integrated solutions across energy, power, and digital infrastructure. The Company controls over 137,000 acres in Southeastern New Mexico with helium and natural gas reserves. Through its joint venture, Texas Critical Data Centers (TCDC, www.texascriticaldatacenters.com), it is advancing a scalable, up to one gigawatt (GW) artificial intelligence (AI) and high-performance computing (HPC) campus to meet demand for compute capacity and energy-efficient infrastructure. It delivers turnkey solutions that enable hyperscale, enterprise, and edge operators to accelerate data center deployment. TCDC’s flagship project is a 250-megawatt data center campus in Ector County, Texas, purpose-built to meet demand for AI and cloud GPU workloads. The site features advanced natural gas power generation, liquid cooling systems, and the potential for carbon capture integration, delivering scalable compute capacity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
