Sharon AI Sells TCDC Stake for $70 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Transaction Completion: Sharon AI has successfully sold its 50% stake in Texas Critical Data Centers to New Era Energy for a total of $70 million, marking a significant transition to a pure-play cloud GPU compute infrastructure provider.
- Fund Allocation: The deal includes a $50 million convertible note, $10 million in cash, and $10 million in equity, which is expected to be allocated towards expanding Sharon AI's core Neocloud platform to meet the increasing demand for high-performance computing in the Asia-Pacific region.
- Market Positioning: Sharon AI's transformation into a dedicated cloud GPU compute infrastructure company is anticipated to enhance its competitiveness among hyperscale, research, enterprise, and government clients, driving future business growth.
- Strategic Implications: The $70 million proceeds from this transaction will provide Sharon AI with further investment opportunities, supporting its ongoing development in artificial intelligence and cloud computing, particularly in the context of rapid expansion in the Asia-Pacific market.
Analyst Views on NUAI
About NUAI
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.
